Rates Skyrocket as Multimodal Capacity Issues Continue: After three relatively soft weeks, airfreight rates have soared by more than $3.00 per kilogram out of both mainland China and Hong Kong. The same is expected for all transpacific trade lanes as vaccines, product releases, and a quarter-end push all drive demand through the roof. New covid-19 breakouts and the sustained ocean port congestion continue to add pressure on an already scarce space situation.
Transpacific rates, as of Monday, were starting as low as $8.00/kg.
For over 70 years, Laufer Group International Ltd. has been helping customers improve the way they handle their logistics. To see how we can help, or for any questions, contact Thomas Marano, National Director of Business Development, Air Freight or contact your local sales representative