Airfreight rates see growth narrow in December

The latest figures from consultant Drewry show that airfreight rate growth narrowed as 2018 drew to a close.
The consultant’s Sea and Air Shipper Insight report shows that average freight rates on major east-west lanes increased by 2% year on year in December.
Compared with November, there was a 3.5% decline, which reflects normal seasonal trends.
While prices are ahead of year ago, the level of improvement has narrowed. During the first quarter, prices were 3.5% up on the prior year, in the second quarter there was an 8% difference and in the third quarter that had come down to 4.8%.
For 2018 as a whole, average prices on east-west lanes were 4.9% ahead of 2017 levels.
Looking ahead, Drewry said: "Drewry’s East-West Airfreight Price index dropped 3.5% month-on-month, to $3.07 from $3.18 – but up by 2% on the previous year’s $3.02 rate. Based on the anecdotal reports and seasonal trend, Drewry expects rates to further decrease in January."

Share this story

Related Topics

Latest airfreight rates news

Early planning the cause of September rate rise

By Damian Brett

Airfreight rates on major east-west trade lanes in September rose at a faster rate than last year as companies sought…

Read More

Share this story

Tiaca tells air cargo to brace for ‘unprecedented challenges’ in Q4

By Damian Brett

Supply chain group Tiaca has warned that the air cargo sector faces “unprecedented challenges” in the fourth quarter. The air…

Read More

Share this story

Airfreight rates from Asia reach another high

By Damian Brett

Airfreight rates out of Asia continued to climb last week as the region catches up following Typhoon Chanthu and the…

Read More

Share this story