The air cargo market took an expected dip in January, then plunged in February as demand from China dried up due to the Coronavirus and is now beginning to rebound on certain lanes, according to the latest data from multiple sources.
Shippers and their logistics providers are expected to pay much more to move their goods, while all-cargo carriers will be able to command top dollar.
Freighter operators that have resumed full schedules include Lufthansa Cargo, Qatar Airways, Emirates and Cargolux.
Preliminary data indicates airfreight rates are surging for exports from China, especially to Singapore, Korea and North America. Rapid upward movement in freight rates from China has been detected, said a report.
Source : Various Agencies