Lockdowns and Ukraine war keep air cargo rates high, Freightos data shows

Rates have fallen nearly 50% since past peak season, but remain elevated

Freightos grows US footprint with 7LFreight acquisition

© Can Stock Photo / FER737NG

Digital booking and payment platform Freightos saw air cargo rates remain elevated in 2022 as some marketplace rates nearly double compared with pre-pandemic levels amid the war in Ukraine and COVID-19-related lockdowns. Although rates on East Coast U.S.-Europe routes have decreased 28% year over year to $3.76/kg, they remain significantly higher than 2019, according to […]

 

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