Airfreight Rates Out of Asia Take a Dive as Demand from the West is ‘Subdued’

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Asian forwarders are reporting a large drop in airfreight rates, but don’t believe this is the end of elevated prices, nor a significant fall-off in demand.

One Southeast Asian forwarder said: “The demand for airfreight to Europe and the U.S. is looking a bit subdued. However, we note that, this time last year, it wasn’t too strong either. Coupled with the fact that there is substantially more capacity this year, I wouldn’t say demand has dropped drastically.”

Read more in an article from The Loadstar.