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Airfreight rates sky high
13/12/2017
Airfreight rates sky high
Demand has hit a peak in global airfreight. For the first time in 10 years, European routes report hitting their freight capacity. Combined with large backlogs and harsh weather conditions, many European shippers are even considering ocean freight options as the squeeze hits.
To make matters worse, many in the tech sector have chartered flights booked to cover hardware moving from Asian manufacturing hubs into stores in time for Christmas. With those freighters out of rotation, airlines have no choice but to rise prices in step with demand.
Demand across the world is expected to remain elevated until Chinese New Year in mid-February. In the meantime, clients can expect to pay a much higher rate for cargo they manage to have uplifted.
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