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Nippon Cargo Airlines has reached broad agreement with domestic and foreign freight forwarders to increase its international air cargo rates from this month.
Air cargo rates for long-distance routes between Japan and Europe and Japan and the US will be lifted by some 60-100 yen per kilogram, while rates for shorter-distance Japan-Asia routes will be bumped up by some 20-60 yen.
The hikes effectively restore air cargo rates to Europe and the US to where they were when cargo volume peaked in the spring of 2007, before the global financial crisis.
Since November 2009, air freight volumes have trended above year-earlier levels.
Meanwhile, Japan Airlines is pulling out of the air cargo carrier business by month's end as part of its restructuring, so there will be around 10 percent less space available on planes for cargo to and from Japan.
Cargonews Asia
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