Flexport sees ‘non-existent’ China-US airfreight capacity following CNY
Airfreight rates up 136% since February 2020
Airfreight capacity is already tight on Asia-U.S. routes and likely to remain so during 2021, following an unusual Lunar New Year holiday, during which production continued in many Chinese factories. Capacity from North Asia is virtually “non-existent,” Neel Jones Shah, executive vice president and global head of airfreight for freight forwarder Flexport, told Air Cargo […]
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