Drewry east-west price index hits peak for year

Drewry’s East-West Air Freight Price Index rose by 11.9 percentage points in October to a year-peak of 115.6 points.
The latest increase was the result of "strong peak season demand and tighter capacity conditions," with rates for eastbound transpacific rising particularly fast, indicative that pricing on that route was inflated somewhat by a modal shift from ocean to air in response to potential delays at US West Coast ports.
The UK-based research house said: "We expect air rates to have remained high through November and into December, but to fall in January with the end of the peak season."

Share this story

Related Topics

Latest airfreight rates news

Xeneta: Market maturity harnesses air cargo rates

The air cargo market has matured enough to enable airlines and forwarders to keep rates reasonable against a backdrop of…

Read More

Share this story

Mixed performance for Hong Kong air cargo rates in October

Airfreight rates on the transpacific trade were on the slide in October but increased as the month progressed, while prices…

Read More

Share this story

Airfreight rates stay strong despite Golden Week demand drop

Airfreight spot rates on global basis edged up in the first week of October to their highest level of the…

Read More

Share this story

Air Cargo News

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.