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Airfreight rates spike as China factories restart production

Slashing of flight schedules leaves shippers scrambling for space

UPS workers load medical masks and other protective gear bound for China onto a cargo plane at Hartsfield-Jackson Atlanta International Airport on Feb. 1.   © Reuters

HONG KONG/TAIPEI -- Airfreight rates for shipping goods in and out of China have soared, with companies facing two or three times the cost before the coronavirus outbreak forced airlines to cut routes.

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