Air Cargo Rates Surge as E-commerce Demand Drives Early Peak Season
The global air cargo market is experiencing an early and intense peak season, largely driven by surging demand from e-commerce giants like Temu and Shein. This has led to a significant spike in air freight rates, particularly on key routes from South China to North America and Europe. In response to the tightening capacity, carriers are deploying additional freighter aircraft to cope with the increased volume. The ongoing Red Sea shipping crisis is also cited as a contributing factor, pushing more cargo from ocean to air and further straining the market.
Official Source: https://theloadstar.com/extra-loaders-and-rising-rates-as-early-peak-season-gets-under-way/