GLOBAL airfreight rates have climbed for the first time in seven weeks ahead of Asia’s lunar new year and as attacks on Red Sea shipping prompt companies to secure costlier air cargo space. The Baltic Air Freight Index, which shows general cargo weekly transactional rates across a number of routes, rose 6.4 per cent recently, price reporting agency TAC Index said, reversing declines since a mid-December seasonal peak, reports Reuters. ‘The increase is in line with expectations that rates may...