Rising fuel costs, airspace closures and China outbreaks unite to drive airfreight rates up
Shanghai-North America rates up by more than 40% in March
A surge of cancellations of international passenger flights in China due to outbreaks of COVID-19 are combining with rising jet fuel costs and lower capacity stemming from the war in Ukraine to push airfreight rates higher. Shenzhen is facing renewed lockdowns closing warehouses and factories, which are scheduled to last until March 20 there, while […]
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