Typhoon Chanthu poised to extend ex-Shanghai airfreight rates’ climb

Rate stabilization could end with more problems in ocean, airfreight

Photo: Royal Media

Interruptions in airfreight from China caused by Typhoon Chanthu, alongside another record-setting month for container ships idled off the California coast, are likely to continue pushing airfreight rates ex-Asia higher after only a brief stabilization in pricing. Airfreight rates ex-Shanghai Pudong (PVG) rose sharply from late August into early September after a COVID-19 outbreak among […]

 

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