The cost to ship goods around the world by air is about 2.5 times more expensive than before the pandemic. On major trade lanes, where demand is especially high, such as China and Southeast Asia to the United States, rates are five or six times higher than normal for the peak shipping season.
So how has airfreight become a relative bargain when ocean shipping is cheaper?
The air rate from China to the U.S. West Coast during the first week of November was about $14 per kilogram, double what it was...