Asia airfreight rates are high and climbing higher

Pallets of humanitarian cargo sit outside next to a big plane waiting to be loaded on a sunny day.

After a three-week lull, prices for air exports from China have turned noticeably upward, a trend most international trade professionals expect will continue through the end of the year as the traditional peak shipping season overlaps with high demand for coronavirus medical supplies and major product releases from big tech companies.

Outbound spot rates from China to Europe and the U.S. increased in the last week of August, highlighted by a  10.8% increase in the Shanghai-Europe market and an...

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