Drewry: East-West airfreight rates in retreat

Air freight rates retreated from their November high as peak season demand receded.
Drewry’s East-West Air Freight Price Index fell 12.6 points in December to 108.2 points, bringing the index down closer to seasonal norms.
This brought to an end six consecutive months of rising pricing in which the index had gained 21.5 points, to November’s all-time high of 120.8 points.
Drewry expects air freight pricing to fall further in the near term, as peak season recedes and lower jet fuel costs feed into fuel surcharges.
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