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Airfreight prices from China on the rise
August 27, 2020
TOKYO, Aug. 27 (Xinhua) - China to Europe and North America airfreight prices are on the rise, with rates from Shanghai to those destinations up about 10 percent over the lowest point in the recent month.
China swiftly resumed production and increased its supplies to the rest of the world amid the global economic halt caused by the COVID-19 pandemic. Air cargo fares of several airlines from Japan to China are also climbing, according to a report by Nikkei on Monday.
[caption id="attachment_51584" align="alignnone" width="900"]
A tractor hauls the parcels from the cross-border e-commerce businesses to the parking apron at the Changsha Huanghua International Airport in Changsha, central China's Hunan Province, May 28, 2020. (Xinhua/Chen Sihan)[/caption]
The latest statistics from TAC index, a benchmarking tool providing market intelligence on air cargo rates, showed that the fares from Shanghai to North America were 5.1 US dollars per kg on Aug. 17, up 13 percent from the low point in July, and twice the price before the pandemic.
The airfreight rates from China are again going up because of the resumption of economic activity, which has created more opportunities for exports.
Meanwhile, cargo is mounting in several airlines between Japan and China, especially a spike in shipments to Guangzhou, with rates rising by 50 percent. ■
