The air freight market is heating up fast as the peak season gets into its stride.
Forwarders are reporting limited capacity on Asia-US, with rates from Hong Kong into New York now hitting HK$36 per kg (US$4.58) on major carriers such as Cathay, Cargolux and Asiana. Los Angeles rates are marginally lower, hovering at between HK$30 and HK$35++.
“The air freight market is very busy in China and Asia,” said one Asia-based forwarder. …
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Source: The Loadstar
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