newstodate.aero
May 19, 2010 (newstodate): The Icelandic volcano ash causing disruptions of the European air services are affecting air cargo rates as well.
In the Indian market, cargo rates for shipments to European destinations are sky-rocketing, industry sources say.
-Cargo rates are currently some 25, or even up to 30 percent up on the levels prior to the volcano eruptions, and some carriers even charge agents for express product rates for shipments that would otherwise only need general cargo services, says an Indian industry source.
In the Indian market, cargo rates for shipments to European destinations are sky-rocketing, industry sources say.
-Cargo rates are currently some 25, or even up to 30 percent up on the levels prior to the volcano eruptions, and some carriers even charge agents for express product rates for shipments that would otherwise only need general cargo services, says an Indian industry source.