Global Airfreight Rates Surge as Ukraine Conflict Disrupts Key Airspace and Capacity
The war in Ukraine is driving a significant increase in global airfreight rates, especially on routes between Asia and Europe. Widespread closure of Russian airspace is forcing cargo carriers to take longer, more fuel-intensive detours. Additionally, sanctions against major Russian cargo airlines like AirBridgeCargo have removed substantial capacity from the market. This combination of reduced capacity and higher operating costs has led to a sharp spike in prices, as reflected by the Baltic Air Freight Index. The situation introduces renewed volatility and cost pressures on already strained global supply chains.
Official Source: https://theloadstar.com/war-pushes-airfreight-rates-higher-still/
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