Air freight costs keep soaring as passenger jet flights get cut back
Cargo rates from Hong Kong to North America surge to highest in almost 16 months
Air freight costs are still soaring, squeezed higher as space in the belly of passenger jets dries up and demand rises for sending goods faster than a container ship can make the journey.
Cargo rates on flights from Hong Kong to North America surged to the highest level in almost 16 months, according to TAC index data tracked on Bloomberg. The route from Frankfurt to North America is also still spiking upwards...