Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Carriers Push Up Air Freight Rates as Demand Remains Strong

(Alex Lannane – The Loadstar)

Airlines are hiking air freight rates “significantly” as demand remains strong, and it could grow further.

Yesterday, Lufthansa Cargo announced that its net cargo rates in western Europe would rise between 5% and 10% from October 1, and even higher in other regions.

In a note to customers, it said: “The demand in the airfreight industry has increased noticeably. We expect this trend to continue and anticipate a renewed increase in demand in the fall.” Click here to read more.