PVG-Australia air freight hits $6.00/kg amid tight capacity

Summary

Shanghai (PVG) to Australia spot air freight rates reached $5.00-$6.00/kg in mid-July 2026, touching $6.00/kg with steady upward momentum. PVG-Melbourne direct capacity dropped 19.1% in early July, driving a roughly 20% price surge; Qantas' new converted freighter launching July 26 is expected to bring only minor short-term relief.