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Airfreight rates expected to stay elevated through peak due to loss of belly capacity

from Supply Chain DIVE

The pandemic worsened through July in many parts of the world, with the United States seeing case counts crest around the middle of the month. But consumer spending is improving — rising 1.9% in July compared to June, according to the Bureau of Economic Analysis. The increased demand for goods, coupled with capacity pulled from the market, has kept airfreight rates at elevated levels. more

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