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Supply Chain Latest: Air Freight Surges in Rush to Ship Holiday Goods

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Sep 20, 2023

Supply Chain Latest: Air Freight Surges in Rush to Ship Holiday Goods

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With the world's ports, rail yards and truck depots jammed up with holiday merchandise, the relentless demand for goods and limited capacity to ship them is pushing the price of the fastest and most expensive form of transportation to new heights.

The rate to fly goods to Europe from Hong Kong hit a new record this week and the cost of air freight to North America from Hong Kong is staying elevated around a peak reached a month ago, according to the latest TAC Index.