Category: AVIATION

Global air cargo markets are bracing for a potential rate surge following the U.S. Federal Aviation Administration (FAA)’s emergency decision to ground all MD-11 freighter aircraft in the wake of last week’s fatal UPS crash in Louisville. The grounding is expected to strain capacity on key routes, particularly across the transpacific corridor, where the tri-jet freighter remains a workhorse for several major carriers. According to freight rate provider TAC Index, global airfreight rates rose by 2% last week — a modest increase typical of the seasonal peak period. However, industry sources warn that the grounding of MD-11Fs could...