Drewry: airfreight rates continue to decline

Drewry’s East West Airfreight Price Index climbed 8.36% between August and September to reach a reading of 90.8 – but airfreight rates fell 6% compared to the same month last year, to average $2.67 per kilo.

This contrasted with Drewry Sea & Air Shipper Insight’s prediction that rates would increase in September.

But the market intelligence provider pointed out: “Historically, September to October sees a rise in rates of air cargo. So, Drewry expects that rates will further increase in October.”

Sea & Air Shipper provides analysis of both air and ocean freight markets, including airfreight rates on 57 key trade lanes.

Share this story

Related Topics

Latest airfreight rates news

Airfreight rates up as capacity comes under pressure

By Damian Brett

Airfreight rates from key Asian hubs continued to climb last week as ocean capacity shortages and personal protective equipment shipments…

Read More

Share this story

Airfreight rates to the US continue to pick up

By Damian Brett

Airfreight rates out of major Asian origins to North America showed signs of increasing last week as demand shows signs…

Read More

Share this story

Airfreight rates predicted to rise over the coming months as capacity tightens

By Damian Brett

Airfreight rates from China and Hong Kong are set to rise again over the coming months as new product launches…

Read More

Share this story