Air cargo crunch easing possible ahead of Lunar New Year

The late Lunar New Year holidays this year may ease the pressure on an air cargo industry that saw severe space constraints on key east-west routes during the end-of-year peak season, frustrating shippers and causing freight rates to hit record highs. At the end of January there are still almost three weeks to go before the start of China’s main holiday on Feb. 16, extending the traditional peak shipping period and possibly smoothing-out the spike ahead of the factory closures.
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