Pre-tariff rush of goods from US to China sees air rates soar, but not for long
Beijing’s decision to impose higher tariffs on US goods has led to a rush of ...
© Jirapatch Iamkate
By Alex Lennane
Air freight rates could see further increases as forwarders report an up-to-four-week wait for ocean freight bookings from China to Europe.
While transpacific ocean freight is enjoying more capacity, the westbound trade is expected to get “a lot, lot worse”, which could cause a knock-on effect in air freight as frustrated shippers look to move goods faster.
Air prices have been rising for the past fortnight and there are concerns among shippers that they will go higher still with the onset of ...
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