Airfreight rates continue to rise in April

Airfreight rates continued to track ahead of last year’s levels on three key trade lanes in April.
The latest figures from Tac Index show airfreight rates paid to carriers improved in April both year-on-year and month-on-month on services from Hong Kong to the US and Hong Kong to Europe.
Meanwhile, prices on services from Frankfurt to North America improved on the year ago level in April but are behind compared with March.
On the Hong Kong-US route prices improved by 35% year on year to $3.18 per kg and were also up on the $2.89 per kg achieved in April.
Click on chart to access interactive version

It is the second month in a row that prices have increased, which in unusual for this time of year as demand tends to be fairly flat.
However, this year, carriers are reporting strong volume growth out of Asia in line with improvements in world trade and cargo load factors are on an upward trajectory.
Rates for the month do lag behind 2015 figures, but the trade lane did enjoy a boost that year as a result of west coast US seaport strikes.
On services from Hong Kong to Europe there was a 20.4% year on year improvement in prices in April to $2.19 per kg, which is also up on the $2.11 per kg achieved in March.
Over the last two years rates on the trade lane have either been static or slightly declined in April compared with March.
The year-on-year improvement is in line with the strengthening demand statistics from carriers.
Rates on services between Frankfurt and North America for April increased by 23.7% against last year to $2.56 per kg but were down on the $3.10 per kg achieved in March.

Share this story

Related Topics

Latest airlines news

Etihad Cargo opens up direct capacity to K+N

Etihad Cargo has established a direct e-booking integration with Kuehne+Nagel (K+N) that provides the forwarder with access to real-time capacity…

Read More

Share this story

DHL Express ramps up use of electric vehicles at Brussels

DHL Express is ramping up its use of electric ground-handling vehicles at Brussels Airport as part of efforts to reduce…

Read More

Share this story

Tough economy hits Asia Pacific 2023 cargo revenue

Aggregated cargo revenue for Asia Pacific airlines last year fell by 43.3% to $21bn, according to preliminary financial performance results…

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.