Expect the cost to ship cargo via air freight to nosedive in 2025 ... growth of e-commerce giants like China-founded Shein and Temu, both of which flooded air cargo capacity throughout 2024 ...
They blame a once-obscure trade provision, called de minimis, which has been thrust into the spotlight in recent months.
While Temu’s “half-custody” model was introduced ... they are finding it “very hard to book” cargo ships now, Zhao Haijun, co-CEO of Semiconductor Manufacturing International Corp ...