Virus puts the squeeze on airfreight market

Air freight rates from China to Europe had tripled or quadrupled since the delayed reopening of factories after Chinese New Year, says Cheshire-based logistics expert Straightforward Consultancy director Andy Cliff. He warns that the Covid-19 crisis has led to a spike in air freight demand. “However, a perfect storm evolved as this demand coincided with the drastic reduction of scheduled flight capacity led by airlines such as Virgin and British Airways. ... [+]

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