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11 / 08 / 2020

Air cargo rates from China keeps increasing

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.

Rates from China to Europe and the U.S. increased 6.7% and 5.8% to $3.51/kilogram and $5.46/kilogram, respectively, according to data compiled by The Air Freight Index Co.

London-based CLIVE Data said cargo volumes increased 8% monthly in July, further evidence transport demand is trending upward as manufacturing and retail activity pick up following quarantine measures.