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iPhone 5 expected to soak up air freight capacity

Risk Management

Thursday, September 13, 2012

Apple’s announced release of its new iPhone 5 yesterday, as well as the introduction of the new Kindle Fire and other tablets - including the possibility of a “mini-iPad” - are expected to strengthen demand for air freight capacity and push rates higher. The air freight market “is very poor right now to begin with, in the sense that there is way too much capacity,” said Kim Ekstrom, senior vice president of Shipco Transport, a Hoboken, N.J.-based non-vessel-operating...

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