East-west airfreight prices hit low point in April

Drewry’s East-West airfreight price index declined by 0.7 points in April to a reading of 98.8, bringing the index down to its lowest level in over 12 months.
Compared to the same month last year average rates fell five points, "indicative of underlying market weakness rather than seasonal factors," said Drewry.
The London-based research house expects airfreight pricing to remain "stable" through May and June, but some "softening" is anticipated longer term as carriers release additional passenger capacity to cope with the Northern Hemisphere summer holiday season, which will add to the availability of bellyhold space.

Share this story
Facebook
Twitter
LinkedIn

Related topics

Latest airfreight rates news

Drewry reports ongoing drop in airfreight rates

The latest Drewry East-West Airfreight Price Index has reported a fall in airfreight rates in August, compared with July and…

Read More

Airfreight rates on key routes tumble in August

By Damian Brett

Airfreight rates on the major transpacific and Asia-Europe routes began to come under severe pressure in August as demand declines…

Read More

Air cargo demand declines show signs of slowing in July

By Damian Brett

Air cargo demand declines appeared to slow in July, but the timing of weekends and holidays may have had an…

Read More