Forwarders predict fall in airfreight rates as ecommerce eyes sea freight
Forwarders are warning that although the airfreight market currently seems stable, conditions could change very ...
The southern China air freight market has changed “dramatically” as Covid rages in Hong Kong, severely impacting the local trucking market to and from the mainland.
Forwarders estimate there is a 70% cut in truck capacity, further diminishing Hong Kong’s air export market.
“Cross-border trucking has been impacted a lot, mainly due to truckers being found positive with Omicron, reducing manpower by 70% in this area,” said one.
“Because of the slow cross-border process, much of the cargo cannot reach Hong Kong in ...
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