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Freight rates soar as cargo capacity shrinks amid Covid-19 crisis

Grounded aircraft and rise in blank sailings putting pressure on supply chains, but some airlines are using passenger planes for cargo charters

Mindy Tan
Published Sun, Apr 12, 2020 · 09:50 PM

Singapore

SKYROCKETING air freights and a jump in blank sailings, where a carrier cancels a particular sailing, are piling the pressure on global supply chains, leaving businesses on tenterhooks.

With most airlines grounding more than 90 per cent of their passenger aircraft fleets, the belly capacity for cargo has significantly shrunk.

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Transport & Logistics

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