The A2Z Freight Directory - Latest News: "Asian air freight rates increase by 29% from October to December
A new report by consultant Drewry has revealed that air freight rates out of Asia increased by 29% between October and December.
This was down to carriers withholding capacity amid a late-year demand surge.
Drewry, traditionally a maritime specialist, said there was a similar trend with rates on the key Asia-Europe/Mediterranean and transpacific container shipping trade lanes.
Drewry also believed that container shipping and airline industries would book a combined loss in the region of US$20-$30bn for 2009.
Simon Heaney, author of the report, said: “Air and ocean shippers alike are faced with the same headaches in terms of pricing and space allocation due almost entirely to the severe capacity retrenchments and decommissioning of fleets" read more
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