Airfreight rates continue to rise in April

Airfreight rates improved again in April led by improvements on services from Asia to North America.
The latest Sea and Air Shipper Insight report from Drewry, which uses a weighted average of buy rates across 21 trade lanes, showed that average east-west airfreight prices increased by 7.9% year on year in April to reach $2.86 per kg.
Prices are also up on the March level when forwarders were paying $2.81 per kg and February when they were at $2.73 per kg.
Normally prices around this time of year are flat or even decrease in line with seasonal demand patterns.
However, the strong improvement in traffic being recorded by airlines now also appears to be translated through in airfreight pricing as well.
Drewry warned there could be some fall back in May: “Led by higher rates out of Asia to North America, Drewry’s East-West Airfreight Price Index increased by 1.7% month-on-month in April.
“The index is now about 8% above where it stood in the same month last year, reflective of strong demand seen in the sector. Drewry expects to see a seasonal dip in airfreight rates in May, followed by a rebound in June.”
The rate improvements registered by Drewry are also reflected in figures from Tac Index.

Share this story

Related Topics

Latest airlines news

Qatar Cargo sees volumes increase despite pandemic

By Damian Brett

Qatar Airways Cargo reported a 4.6% in cargo volumes in the fiscal year ending March 31 despite the loss of…

Read More

Share this story

21 Air looks to expand its fleet for peak demand

By Damian Brett

Freighter operator 21 Air has applied to the US Department of Transportation (DoT) for permission to double the size of…

Read More

Share this story

Lufthansa Cargo joins air cargo digitalisation project

By Damian Brett

Lufthansa Cargo has joined a new air cargo digitalisation project which aims to improve the networking of airfreight companies in…

Read More

Share this story