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The grounding of MD-11 aircraft after the deadly crash of a UPS plane earlier this month could boost air cargo rates during the peak holiday shipping season, with some capacity out of the market, but analysts aren't expecting a big impact.

The Federal Aviation Administration on Nov. 8 prohibited flights of MD-11 planes, less than a week after a Honolulu-bound UPS aircraft crashed moments after takeoff from Louisville Muhammad Ali International Airport in Kentucky, killing the three crew members and 11 people on the ground.

Earlier this week, the TAC Index, which tracks air freight rates around the world, said the Baltic Air Freight Index gained more than 4% in the week ended Nov. 17 and that was i

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