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.

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Air Cargo News
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.