Airfreight rate boost in February

Airfreight rates increased in February compared with January for only the second time in the last six years.
The latest figures from analyst Drewry’s Sea and Air Shipper Insight report show that average rates on 28 major east-west routes increased to $2.84 per kg in February compared with $2.76 per kg in January.
Rates for February were also up on last year when they stood at $2.48 per kg – a 14.6% year on year increase.
“Drewry’s East-West Airfreight Price Index inched up by 3% in February to reach $2.84 per kg. This was only the second time in six years the index has increased month-on-month in February, indicative of the underlying strength of the market," the analyst said.
"Drewry expects the index to soften in March, although it should remain above the comparable 2017 level as a result of strong demand.”

Read more air cargo data news

Sign up to receive Air Cargo News direct to your inbox for free

Share this story

Related Topics

Latest airlines news

YunExpress targets e-commerce demand with latest 777 freighter

YunExpress has extended its agreement with lessor Atlas Air to include a second Boeing 777-200 freighter that will be used…

Read More

Share this story

WFS strikes DHL cargo deal in France

DHL Aviation has signed a new multi-year contract with Worldwide Flight Services (WFS) to manage freight at its airport stations…

Read More

Share this story

AAPA: February Asia air cargo demand up 10%

Air cargo demand in Asia grew in February “as a result of business and e-commerce activity” said the Association of…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.