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Concern for Carriers as Air Freight Rates Into and Out of China ‘drop like a stone’

(Alex Lennane – The Loadstar)

Air freight spot rates out of and into China are said to have “dropped like a stone” during the past three weeks.

Despite growing demand and volumes, sources reveal that some carriers have significantly rduced their rates, while yields are under intense pressure.

The lowest rate currently reported is US$0.65 all in, from the Eurozone into China. As one source pointed out, that barely covers the lowest costed bellies, let alone freighter operations. Click here to read more.