Airfreight rates set new records on PPE demand amid peak season

Ex-Asia rates surpass records set with 2020 PPE rush

Photo/Cathay Pacific

The increase in COVID-19 cases across Europe has led to a resurgence in demand for personal protective equipment (PPE) and test kits, pushing up airfreight rates from China amid already bustling peak season demand. “China-EU rates have increased more than 30% in the last four weeks, and China-US West Coast prices have climbed 25% — […]

 

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