As consumers struggle with this issue, the cost to transport goods via air has risen since Russia invaded Ukraine last week. fastest pace of inflation in nearly 40 years.

Carrier, KLM Royal Dutch Airlines included. United Parcel ServiceBecause of Russian airspace closings, many are fueling up their planes using more expensive fuel in order to fly longer distances to Asia. This week, the United States saw its highest jet fuel prices for more than 10 years.

The United States joined Canada, Europe and many other countries in banning Russian planes from U.S. airspace on Tuesday. According to Cirium, aviation data firm Cirium, the U.S. saw more than 2500 flights departing Russia in January. 493 Russian flights used U.S. Airspace.

UPS made a decision on March 1st to avoid civilian aircraft being restricted by Russian airspace. UPS pilots union advised aviators that they would not use Russian airspace in the Northern Pacific (NOPAC), operations, until further notice.

As it becomes more expensive to ship anything, including manufacturing parts and perishables such as fruit or cheese imported from abroad, higher transportation costs will likely be passed on to customers. Prices for commodities, from wheat and aluminum, are currently on the rise.

Volga-Dnepr cargo giant, which transports large components like wing parts across the United States for various purposes, was included in the U.S. ban on Russian aircraft Boeing jets.

In a statement, the manufacturer of aircraft said that they work with a wide variety of logistics and supply chain partners in order to minimize any impacts.

FedExOn Thursday, Express announced that it is raising surcharges for international freight and packages. Some peak surcharges will more than double – such as the rate for shipping from Hong Kong to Europe, Africa and the Middle East, which the company will raise from 55 cents a pound to $1.20 a pound, according to a notice on its website.

Bruce Chan, Stifel Logistics analyst for logistics said this week in a note that as we near the COVID-19 two-year mark, the market is still suffering from the price and capacity ramifications. As there’s less capacity to absorb future supply shocks, they will feel more acutely.

Air cargo demandOver the past 2 years, prices have skyrocketed. Customers who pay a premium for a flight to bypass port congestions and to make up for any other backup supply chains, thereby allowing them to get goods faster to consumers and factories.

Higher ecommerce demand for pandemic supplies and lower aircraft capacities as international passenger travel plummeted has maintained rates steady, even prior to Russia’s invasion.

The cost of air cargo is increasing rapidly. This means that customers will have to decide how much they are prepared to pay for haulers, and what amount consumers will spend at retail.