Air freight rates from China to Europe have continued their descent, falling 4.64% in the week ending 13 July, to $3.08 per kg.
However, rates to the US from Asia ticked up 3.42%, to $4.53, according to the TAC Index.
 

Freight Investor Service noted that the rise was “a speedy market adjustment” to the news that US carriers had cancelled flights to Hong Kong, after the territory said all crew members would …

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Source: The Loadstar