News / Grim picture for shippers with no relief from elevated air freight rates in sight

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Shippers hoping for relief in air freight rates early next year can expect to be disappointed, according to consultants and analysts.

A host of factors, including the Omicrom variant and its likely impact on belly capacity and lockdowns, spurring spending on goods rather than services, as well as a shortage of labour, could see pricing remain high.

“These factors should support persistently elevated air freight rates in our view, and any shippers looking for relief in the seasonal first quarter freight lull ...