May 18, 2020 – Empirical evidence has suggested that air freight rates out of China are now starting to stabilize as the rush for medical PPE products is now switching to a new phase where most countries are now adequately stocked but are looking for continuous replenishment. As a result, air cargo rates are no longer being increased on a daily basis and more cargo is now moving to the more economical marine mode of transportation. With ocean freight rates at record low rates in the past month, many shippers are now taking advantage of this situation by shipping more via this method. However, as demand increases, ocean freight prices will inevitably rise. Canaan Transport continues to monitor the situation for our customers to minimize your shipping costs.