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09 / 06 / 2020

Air freight rates are going down

New Air freight rates for the past week from the TAC Index and Freight Investor Services (FIS) show China to Europe down $0.59, while China to the US is down $0.23.
Passenger freighters had added close to 75,000 tonnes of air cargo capacity a week since the peak decline, but most of it is directed towards the urgent demand for personal protective equipment (PPE).

Overall, global air cargo capacity is 26% lower than this time last year.