News / Some respite for carriers as ex-Asia rates improve, but fuel price worries persist

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Air freight rates are finally beginning to tighten – at least on transpacific routes. While there remain tough challenges in some markets, particularly in Europe and transatlantic, carriers are reporting that a peak may be appearing ex-Asia.

“We are certainly seeing improved volumes transpacific and rates are starting to move up,” confirmed James Woodrow, who has taken over from Nick Rhodes as director cargo for Cathay Pacific, after Mr Rhodes became personnel director.

“Manufacturing ex-China is improving and this is translating into ...