Asia Pacific the star performer as airfreight rates take off

Surging jet fuel prices have added to the upward pressures that have seen global airfreight rates climb above the highs of the previous two peak seasons, as the industry enters its busiest period of the year. Figures from the latest TAC-compiled Baltic Air Freight Index and World ACD indicate that rates have been rising by between 4% and 4.7% over the past fortnight, up some 26% compared with the Read full article →