After the widespread cargo disruption at Shanghai Pudong Airport (PVG) due to drastic Covid policies, freighter flights are slowly resuming, but a reduced workforce means week-long cargo delays and fast-moving freight rates. Space is still scarce and EU destinations are currently delayed two-to-three days. One Chinese forwarder in Shanghai expects that most freighters will be back to schedule soon, while all passenger-freighters will remain cancelled until 5 September. Furthermore, with capacity from PVG down 30%-50%, rates are continuing the upward spiral experienced since the start of the year.
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See AllJapan Airlines (JAL/JL) has announced that it has introduced three Boeing 767-300ER freighter aircraft, marking the first time in 13 years that the company has owned dedicated cargo planes. The decisi
Ocean freight rates increased via the West Coast of North America (+3.8% week-on-week) and via the East Coast of North America (+1.1%). Freight rates decreased in South Korea (-2.0%) and Europe (-1.1%
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