The market is reporting incredibly high air cargo rates as demand overtakes available supply out of Europe, leading to chronic space constraints on aircraft and causing congestion and delays at air cargo hubs struggling to handle the record volume. Shippers trying to shift products to market before the holidays are being further frustrated by waves of severe winter storms that have been sweeping across the United Kingdom and Northern Europe for the past 10 days, leading to widespread flight disruption at hubs such as Heathrow, Frankfurt, Zurich, and Amsterdam.
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