Pressure on air cargo rates from China keeps increasing
from American Shipper
Outbound airfreight rates from China continued to rise for the fifth consecutive week, with pricing the strongest out of Shanghai as shipments increased for electronics, e-commerce orders, and hospital gear. The pricing trend is good for carriers. But it means higher costs for cargo owners, especially with a large amount of all-cargo capacity already committed to big gadget launches from Sony, Apple and Samsung in the next couple months. There also is uncertainty about how many aircraft passenger airlines will put in the air as coronavirus outbreaks pop up.
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