Air Cargo Prices continue to Increase
Shippers drive up Asia-U.S. air cargo prices as port congestion worsens
By: Greg Knowler | November 13, 2014
Hong Kong Association of Freight Forwarding and Logistics chairman Paul Tsui said available air freight space to the U.S. had reached critical levels and costs “have jumped through the roof.”Carriers and terminals have been battling congestion in Los Angeles and Long Beach all year, but conditions have worsened in the peak-season months. The delays are impacting holiday season goods and desperate shippers are looking to the skies.At the recent TPM Asia conference in Shenzhen, Electrolux vice president of global freight and logistics services Bjorn Vang Jensen said he was spending a “ridiculous amount” on air cargo because of poor reliability from container lines.
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