Forwarders are reporting that air freight rates are still on the rise, driven by demand from distressed sea freight, e-commerce, hi-tech launches and general retail.
Meanwhile, capacity for the two weeks up to 10 October remained 20% below the same time last year, albeit one percentage point higher than the previous two weeks.
Airlines rates have seen a $2 per kg rise in the past two weeks – and are still rising.
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Source: The Loadstar