Rates on the up in August but growth narrows

Airfreight rates continued to track ahead of last year’s levels in August, although the difference compared with a year ago has continued to narrow as the year has progressed.
The latest figures from analyst Drewry’s Sea and Air Shipper Insight report show that all-in rates on major east-west services averaged at $2.57 per kg in August, a 3.6% increase on a year ago.
While prices have improved on last year, the size of the gap has narrowed as the year has progressed.
For instance, in February prices were up 14.6% year on year, in March there was a 7.1% difference, and in April there was a 10.8% difference. August rates are also up on July’s level of $2.55 per kg.
Drewry said it expects rates to increase in September, although this should not come as too much of a shock as prices generally creep up as the industry heads into its fourth quarter peak season.

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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.