Airfreight rates continued to climb as year came to a close

Airfreight rates continued to climb in November as average prices reached their highest level in 2019.

The latest east-west airfreight price index from consultant Drewry’s Sea and Air Shipper Insight report showed that prices reached $3.02 per kg in November – the highest level since December last year.

The fact that 2019 prices reached their highest level in November is in line with previous years and comes as the industry enters its traditional pre-Christmas peak season.

For comparison, November’s prices were up on October’s average rates of $2.74 per kg but were down on the $3.16 per kg achieved during the same month last year.

“All in airfreight rates elevated to $3.02 per kg this month, which shows 10% increase from previous month, however 5% lower when compared to same month previous year. Based on historical trend, Drewry expects airfreight rates to erode in December,” the consultant said.

The index is based on buy rates paid by forwarders for standard airport-to-airport flights on 28 major east-west routes for cargo above 1,000 kg.

Share this story

Related Topics

Latest airfreight rates news

Awery reports Red Sea-related rates rise

There are conflicting opinions about the extent to which the Red Sea shipping crisis is impacting airfreight, but airfreight rates…

Read More

Share this story

Survey: Air cargo optimistic for the year ahead

Air Cargo News recently carried out a survey of airfreight professionals and found the majority are expecting market conditions to…

Read More

Share this story

Air cargo volumes up 10% in January but rates weaken

Air cargo volumes rose 10% year on year in January, but this hasn’t resulted in higher rates due to the…

Read More

Share this story

Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector.After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015.Contact me on [email protected]