The cost of flying cargo around the world has reached record levels as companies attempt to meet surging demand in the run-up to Christmas.
Prices have nearly doubled on key air freight routes linking manufacturing hubs in China to consumers in the US and Europe over the past three months, leaving the industry struggling to find enough aircraft to keep up.
Prices on routes from Shanghai to North America reached $14 per kilogramme for the first time last week, up from $8 at the end of August and above the previous record of $12 achieved when the pandemic first hit supply chains in early 2020.
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