Tariffs and de minimis set air freight rates on a volatile course
Airfreight rates are climbing as shippers rush to move goods before a potential trade war ...
Freighter flights are slowly resuming at Shanghai Pudong Airport (PVG), but a reduced workforce means week-long cargo delays and fast-moving freight rates.
Last Friday, China’s drastic Covid policies caused widespread cargo disruption at PVG, after a positive Covid test at ramp handler Shanghai International Airport Services, resulting in hundreds of staff sent for testing or quarantine and mass flight cancellations.
According to Flexport, which has been re-routing charters to Hong Kong, space is still scarce. Cargo capacity from PVG is down by ...
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