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 AllIn a welcome development, airfreight rates out of Hong Kong and Frankfurt have started to stabilize after several months of decline. The Baltic Exchange Airfreight Index (BAI) reveals that average pri
NIPPON EXPRESS Holdings proudly announced that its subsidiary, NX International Logistics (China), has been recognized as one of China's top 50 logistics companies for the seventh consecutive year in
Ocean freight rates increased via the East Coast of North America (+1.4% week-on-week) and South Korea (+0.8%). Freight rates via the West Coast of North America (-1.3%) and Europe (-0.1%) decreased.
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