Client Alert
Remember when Apple’s iPhone caused air rates to soar near the end of last year?
It’s happening again.
Apple and Microsoft have reportedly saturated most available air cargo space in China. With cargo space now a rare commodity, air rates in China have soared.
Due to these market conditions, which are expected to continue through Christmas, expect to see higher rates and delays for air shipments flying in and out of China.
DCVelocity: Rates taking off in eastbound trans-Pacific market as tight capacity meets rising demand