In anticipation of a strike at US East Coast ports, shippers of perishable goods are shifting from ocean to air cargo, though air freight prices have not yet significantly risen, except for a recent 4% increase in Europe-North America rates. Air rates from China to North America saw a 9% increase, reflecting potential peak season trends. Should the strike last a week, air freight costs could rise further, potentially reaching levels seen at the pandemic’s peak. As ocean freight faces ongoing disruptions, air freight is gaining popularity, with double-digit growth noted, particularly from Asia.
Source: https://www.stattimes.com/air-cargo/us-port-strike-sees-shippers-opting-for-air-cargo-1353374