The white-knuckle ride through the airfreight market stratosphere has ended as prices continued to fall back toward earth again last week, bringing relief to companies that purchase air transport to move their goods.
The change in conditions is best illustrated by export flows from China to the U.S. and Europe, where air rates have tumbled more than 60%, from $15 to $20 per kilogram at one point, to under $10 per kilogram, as panic-buying for personal protective equipment (PPE) gives way to...
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