SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd)

DUBAI, Feb 21 (FAM) – Projections from freight customers suggest a gradual ramping up of freight and logistics demand as domestic travel restrictions in China from the new coronavirus outbreak are eased, rather than a sudden return to manufacturing production that triggers a full-blown freight capacity crisis, according to Agility CEO Essa Al-Saleh.

Among the various effects of the China’s new coronavirus outbreak on the international freight and logistics market, one thing that has captured the headlines is reported increases in air freight prices of up to 300-400%, due to a sharp reduction in capacity; but Al-Saleh underlined that such inflated prices needed to be put into context.