(Reuters) - Global air freight rates have risen for the first time in seven weeks, driven by the upcoming Lunar New Year in Asia and recent attacks on shipping in the Red Sea, prompting companies to opt for the more expensive air freight options. The House Transportation and Infrastructure Committee's Subcommittee on Coast Guard and Maritime Transportation, with members from both @TransportDems and @TransportGOP, held a hearing to address the escalating conflicts and threats to shipping in the region. Bipartisan efforts are in motion, with lawmakers urging the Administration to secure the Red Sea shipping lanes against Houthi attacks and restore safe trade passage.
Attacks on cargo ships in the Red Sea & rerouting of shipping companies raise concerns about the disruption of supply chains & impacts on global trade. See how U.S. media is covering this story in this time-limited brief, free for the next 7 days. #RedSea https://t.co/wHSwCB57Y4 https://t.co/5a1xsc6y7u
Disruptions to global shipping routes are a threat to our supply chains. I was proud to lead this letter with the bipartisan Supply Chain Caucus in urging the Administration to secure the Red Sea shipping lanes against Houthi attacks and work to restore the safe passage of trade.
The U.S. Navy, Coast Guard and merchant mariners are working to protect our national interests amid rising conflicts in the Red Sea. Today, @TransportDems examine how Congress can protect national security and our supply chain infrastructure. https://t.co/2FtaUNdzSK
🚨Escalating conflicts in the Red Sea are disrupting the global supply chain. I’m leading @TransportDems in a hearing today to examine how Congress can protect national security and our supply chain infrastructure. https://t.co/HOPhnIIBnh
WATCH LIVE: The Subcommittee on Coast Guard and Maritime Transportation is holding a hearing to examine threats to shipping in and around the Red Sea. https://t.co/8RY8SDbUYn
✈️ AIR FREIGHT RATES RISE AMID RED SEA CRISIS AND IN RUN-UP TO ASIA'S LUNAR NEW YEAR (Reuters) - Global air freight rates have climbed for the first time in seven weeks ahead of Asia's lunar new year and as attacks on Red Sea shipping prompt companies to secure costlier air… https://t.co/eZd6zolF6X