(Alex Lennane – The Loadstar)
Forwarders and shippers are “feeling the pain” of a serious lack of air freight capacity in the market as rates soar on some lanes as high as $8.00 per kg.
There is “nowhere to turn”, said one Asia-Europe air freight forwarder, who reported a seven-to-ten-day backlog out of Asia.
“Rates are going sky high – and going up every weekend. It’s about $4 per kg as an average, and airlines are getting choosy over the type of freight they are accepting,” he said.
“Lots of people are suffering – I have had three retailers, who are not customers, contact me this week with fresh enquiries, as their incumbent forwarder has not able to accommodate them.” Click here to read more.