By Lisa Baertlein and David Kirton
By Lisa Baertlein and David Kirton
LOS ANGELES/SHENZHEN March 10 (Reuters) – Air freight charges are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to e-book restricted spots on cargo planes as Chinese language industrial manufacturing restarts, based on trade insiders.
About half of the air cargo carried worldwide usually flies within the stomach of passenger jets quite than in devoted freighters. However deep flight cuts in response to the coronavirus outbreak have made the market extra depending on freight haulers.
Freight forwarder Agility Logistics stated on its web site that China’s air cargo capability was down 39% in February relative to final yr due to the passenger flight cuts.
Shippers wishing to hurry merchandise out of China by air face sticker shock, stated Refael Elbaz, chief govt of Israel-based Unicargo, which specialises in freight forwarding for Amazon.com sellers.
“The worth is…