WSJ: Why Airfreight Traffic Is Up: Dog Food and Semiconductors Are Vying for Space
Companies are shipping more items by plane to meet customers’ rising expectations for rapid delivery, prompting a scramble for cargo space that has sent airfreight rates soaring and pushed Amazon.comInc. and others into the airline business.
Global airfreight traffic climbed almost 9% year-over-year in November, the start of the peak shipping season, and rates for airfreight were up 17% annually for the month, the biggest price increase since the aftermath of the financial crisis, according to cargo data provider WorldACD.