Russia's invasion of Ukraine has caused disruption to logistics networks as the air and shipping industry moves to avoid Russia. Japan Airlines (JAL/JL) and All Nippon Airways (ANA/NH) have been forced to cancel flights and change transport routes due to flight avoidance over Russia, putting upward pressure on air freight rates between Japan and Europe. In addition, shipping companies also suspended transportation to and from Russia one after another.
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See AllOcean 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%
Ocean freight rates increased via the West Coast of North America (+0.6% week-on-week) and via the East Coast of North America (+1.5%). Freight rates decreased in South Korea (-4.6%) and Europe (-2%).
The ranking of international air freight forwarders from Japan for February 2023 has been revealed, with Nippon Express in first place with 15,607 tons (-31.4% y/y), Kintetsu Express in second place w
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