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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 Inc. 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.

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