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Global Airfreight Rates Rebound as E-Commerce and Red Sea Crisis Tighten Capacity

Global airfreight rates have registered their first significant year-on-year increase in 18 months, marking a potential turning point for the market. The surge is primarily driven by strong e-commerce demand, particularly from Southern China and Hong Kong. Further pressure comes from the ongoing Red Sea shipping crisis, which is diverting more cargo from sea to air. Consequently, spot rates on major trade lanes, like from China to Europe and North America, have seen sharp rises. This combination of factors is leading to a renewed tightening of global air cargo capacity ahead of the Lunar New Year.

Official Source: https://aircargoweek.com/airfreight-rates-rebound-amid-renewed-global-tightening/