East-west rates end two-month decline

Drewry Sea & Air Shipper Insight’s East-West Air Freight Price Index ended a two-month decline in February, gaining 2.2 points to reach 101.8.
The index has lost over 21 points from November’s all-time high. February’s reading was actually 5.6 points above that for the same month last year which, says the analyst, is “indicative of the degree to which the market has recovered over the past 12 months.”
However, Drewry expects airfreight pricing to soften in March, due to lower freight volumes following the Chinese New Year holiday period and easing US West Coast container port congestion.
Thereafter, it anticipates that rates will recover with the onset of the northern hemisphere spring.

Share this story

Related Topics

Latest airfreight rates news

The Baltic Exchange launches air cargo derivatives indices

By Damian Brett

Derivatives trading platform the Baltic Exchange has launched weekly airfreight indices to allow companies to hedge against rate swings. The…

Read More

Share this story

TIACA calls for an end to ‘misleading’ weight-based load factor

By Damian Brett

TIACA is calling for the air cargo industry to adopt the dynamic load factor developed by CLIVE Data Services over…

Read More

Share this story

Airfreight rates out of Asia head back to early summer levels

By Damian Brett

Airfreight rates between Shanghai and North America last week reached their highest level since early June. The latest Tac Index…

Read More

Share this story