China to US airfreight prices spike as coronavirus hits

Rates from Shanghai four times higher due to lower capacity

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Workers unload a cargo plane full of medical equipment that had been flown in from China at the Helsinki-Vantaa Airport in Finland on April 15.  © Reuters

KAZUHIRO KIDA, KEIGO YOSHIDA, and YOHEI MURAMATSU, Nikkei staff writers

TOKYO/BANGKOK -- Air and sea cargo fares have surged due to the coronavirus pandemic, with airfreight prices from Shanghai to U.S. and Europe quadrupling since the outbreak started.

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