BEIJING — The cost of air freight from China to Europe, the US and Japan are rising as China takes the lead in resuming production after the impact of the COVID-19 pandemic, Japanese news website nikkei.com’s Chinese edition reported on Aug 24.
The airfreight cost from Shanghai to North America were $5.1 per kilogram on Aug 17, rising 13 percent from the low point in July, and twice the figure before the pandemic, according to TAC Index, a benchmarking tool providing market intelligence on air cargo rates. The price to the EU also showed an increase of 10 percent from the low point in July to $3.1 per kilogram on Aug 17.
The airfreight prices once rose 10 times higher, …
Keep on reading: China witnesses uptick in air cargo as economic activity resumes