Wednesday, July 17, 2024

Shippers look to the sea as airfreight rates remain sky high

Shippers are increasing looking to switch from airfreight to ocean as air rates continue skywards and congestion at airports around the world, according to the Freightos International Freight Index. In its Freightos Index Update W49 2017 report, it says rates are sky-high, with significant congestion in the run-up to Christmas affect domestic and international freight […]

Airfreight capacity in Europe hits its limit

Airfreight in Europe has hit capacity for the first time in at least ten years and it has seen some shippers paying sky-high air rates to get their shipment loaded, according to the Freightos International Freight Index. Freightos Webcargo chief executive officer, Manel Galindo says: “While ocean freight rates are still tanking, airfreight is at […]