Clive: China-Europe volumes drop 10% following Shanghai closures
Capacity crunch pushes August airfreight rates up 112%
Following the closure of ground operations in Shanghai (PVG), China-Europe volumes were reduced by 10% in the last two weeks of August while westbound capacity saw an 18% drop. In turn, spot rates soared by nearly 20% in the last week of August compared to the last week of July, while average global airfreight rates […]
Cargo Facts Free Newsletters
