News / Strong air freight demand fighting tight capacity, pushing rates higher

© Peter Krocka

European forwarders are reporting air freight rates hitting $10 per kg, and still climbing, as the peak season – boosted by distressed sea freight – continues.

As the UK becomes the latest European country to enter a four-week lockdown, mirroring Germany, France and Belgium among others, forwarders indicate that consumer demand will likely continue despite closed shops.

This is in part because of the scheduled end dates of the lockdowns at the start of December, and the lockdowns, some of which come ...