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OverviewAPI
Global air cargo spot rates rose by 2% in October, with Transpacific rates from China and Southeast Asia to the U.S. increasing by 10% and 15% respectively. However, challenges such as rising operating costs, jet fuel costs, inflation, and labor shortages are impacting the market. Additionally, there is a trend of shippers seeking longer-term contracts while freight forwarders procure a significant portion of their capacity on a short-term basis.

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