News / Trouble at sea means early peak and sudden wave of air freight rate spikes

© Jirapatch Iamkate

Forwarders have reported a sudden spike in demand in air cargo, forming a ‘very early peak’.

It’s all due to production backlogs and modal shift from the troubled sea freight sector.

“Since last week, rates are climbing everywhere,” said one European forwarder. “Demand increased massively, with distressed ocean freight being moved to air.”

Following a lull in May and June, traditionally a quiet period, volumes – and rates – are climbing again.

“Demand from China to the US and Europe is starting to pick ...