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.