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

‘Jumpy’ airfreight market sees spot rates fall again

By Rebecca Jeffrey

General airfreight spot rates have fallen as the air cargo market faces lower demand and more capacity. According to the…

Read More

Share this story

Airfreight rates on key lanes continue gradual descent in September

By Damian Brett

Airfreight rates on key trade lanes out of Asia continued to weaken in September despite the industry heading towards the…

Read More

Share this story

Air cargo still benefiting from high cost of box shipping

By Damian Brett

Air cargo will continue to benefit from the narrowing of pricing compared with ocean shipping despite that difference coming down…

Read More

Share this story