"Red Sea Attacks Disrupt Shipping, Threaten Air Freight Rates"

The recent Houthi attacks in the Red Sea have not only caused a spike in sea freight rates, but are also expected to drive up air freight rates as global trade flows are increasingly disrupted. Delays in maritime trade may lead some retailers to switch to air freight for faster delivery, prompting an expanded role for air cargo in the supply chain ecosystem. Industry experts anticipate a surge in air freight rates in the next few weeks, particularly as the Chinese New Year holiday approaches, potentially benefiting the air cargo industry amidst international disruption.