Airfreight rates continue to normalize this month on the main trade lanes from China to the U.S. and Europe as demand softens from the peak in mid-May, according to freight forwarders and airline analysts.
Shippers are paying about $7/kilogram outbound China to Europe, which is about 2.5 times the rate at the start of the year and similar to the price in April, data from The Air Cargo Index shows. Three or four weeks ago, rates were double or more. Rates are also down to about $5.75/kilogram...