Air freight rates have plummeted again, according to the TAC Index, and as jet fuel prices rise and air cargo demand slackens, passenger-freighters are beginning to look less sustainable.
The TAC Index shows rates in the week ending June 29 fell 7% from China to Europe, with prices down 11% on Shanghai to Europe, at $3.29.
The decline was smaller to the US, with China to US down 2.4%, at $4.86. On …
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Source: The Loadstar