Global Airfreight Rates Rise as Capacity Tightens and Demand Surges
Global airfreight rates are experiencing a significant rebound, particularly on major trade lanes originating from Asia and the Middle East. This increase is driven by a combination of tightening capacity and a sharp rise in demand. The ongoing Red Sea shipping crisis continues to divert cargo from ocean to air, further pressuring the market. Concurrently, a boom in e-commerce from major platforms like Temu and Shein is consuming vast amounts of available air cargo space, leading to notable price hikes.
Official Source: https://aircargoweek.com/airfreight-rates-rebound-amid-renewed-global-tightening/
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