News / Plunging airfreight rates and no post CNY pick-up: 'the end of globalisation?'

© Dchapurin

Collapsing rates and no post-Chinese New Year pick-up paint a sad story for the global air freight market – sources even suggesting it marks ’the end of globalisation as we know it’.

Last week’s reported TAC Index spot rates for Shanghai to the US were $2.58.

A forwarding source told The Loadstar the market had been “quiet” since Chinese New Year, noting that while this was “normal”, there had been no sign of the usual strong March pick-up.

Indeed, the forwarder said they ...