May 27, 2020
— Air freight rates out of China have continued to fall, although not at the pace they rose. New figures 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.
May 13, 2020
— Shanghai airport’s “worst-ever” cargo backlog is slowly easing, but forwarders are still recommending shippers turn to expedited ocean freight. A perfect storm of lack of uplift, the global rush to buy face masks and China’s crackdown on shoddy PPE, saw aircraft “flying out empty” over the country’s Labour Day holiday, forwarders told The Loadstar.