Ongoing global disruptions, capacity shortages drive up airfreight rates

Following a slight downward trend since late April, airfreight rates are yet again on the rise as capacity constraints continue, Shanghai reopens and sanctions remain in place due to the Ukraine-Russia war. From May 23 through May 30, China-U.S. rates climbed 7.3% to $9.84/kg, and up 24.4% year over year, according to TAC Index data. […]