From hub airports like Atlanta in the U.S. and Brussels, Frankfort, and London in Europe, severe snowstorms are bringing air freight to a grinding halt. Even before the storms, high demand combined with a shortage of aircraft had airfreight rates soaring.
The snowy conditions are responsible for thousands of flights being cancelled, starting this past weekend in Atlanta and continuing this week in Europe. As a result, rates are trading at record highs. While the holiday weeks may see a short-term drop in both demand and cost, it looks like January and February will rekindle a high demand ahead of the Chinese New Year, which begins February 16.
If you have any questions or want more information, contact your Mohawk customer service representative.
Rich Roche is Vice President, International Transportation for Mohawk Global Logistics. Click here to read more about Rich.