Air Freight Rates Spike Above $8 a Kilo

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Freight and logistics sources are reporting strong rises in air freight prices on major lanes out of China and other parts of east Asia, as surges in demand meet continuing constrained capacity.

And the rises in air freight spot market prices are particularly crucial currently, because most capacity out of key Asian freight hubs is now being sold at spot market prices, freight sources confirm, with the market’s usual long-term capacity and pricing arrangements largely dispensed with this peak season due to the exceptional circumstances this year that have led to the majority of passenger belly freight capacity being cancelled due the COVID-19 crisis.

Read more in an article from Lloyd’s Loading List.

Source: CIFFA (22.10.2020)

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