Thursday, March 8, 2012

Apple’s new iPad clogs shipping space, raises airfreight rates

Apple’s new iPad HD was reportedly clogging up airfreight capacity and subsequently raising rates between China and the U.S. by as much as 20 percent.

The new iPad debuted in San Francisco this week, and features a new high resolution Retina Display.

Apple reportedly has $100 billion in cash and can afford to buy up as much freight space as it needs to ensure the new iPad gets to market, and shipping firms like DHL, are projecting huge volumes of the product being booked.

For the full San Francisco Chronicle story: www.businessinsider.com

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