Air Freight Rates From China Skyrocket As Apple Buys Up Space For iPad Shipments

Closed DHL hub in Wilmington, Ohio

Photo: AP Images

Apple has bought up a ton of air freight space over the next few weeks to make sure the next iPad is available in the United States soon, according to reports.This is placing a squeeze on other companies who want to ship material from China.

MacRumors reports one shipper says freight rates from China have risen 20% in the last week. Another says his company has been scrambling to find space for shipments.

Separately, Apple Insider reports that DHL is preparing to handle massive shipments this week, driving up shipping costs from Asia to the U.S.

With $100 billion in cash, Apple can easily afford to buy up as much space as it needs to make sure that iPads get to hungry consumers on time.

Apple is expected to launch the next iPad at an event in San Francisco on Wednesday. It is reportedly going to be called the iPad HD and feature a very high resolution Retina Display, which first shipped with the iPhone 4 in 2010.

See also: Everything You Need To Know About The Next iPad

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