Airfreight rates continue to track ahead of 2017 levels in April

Air cargo carriers continued to see airfreight rates improve in April compared with a year earlier.
According to the latest figures from data provider Tac Index, carriers offering cargo capacity on services from Hong Kong to North America saw prices increase by 14.8% year on year in April to $3.65 per kg.
While prices on the trade improved compared with a year ago, they were flat on March levels, a reflection of the sector entering the summer quiet period before demand ramps up again in late summer ahead of the peak season.
Prices on this trade are also ahead of the level recorded in both April 2016 and 2015, reflecting the continuing strength of demand over the past couple of years.
It was a similar story on services from Hong Kong to Europe where there was a 14.1% year on year increase in April’s average prices to $2.50 per kg.
This is also a slight improvement on the $2.44 per kg achieved in March – a reflection of seasonal trends – and is up on April 2016 levels.
However, it is seven cents behind the $2.57 per kg levels reported by Tac Index in April 2015.
Finally, the Frankfurt-North America trade saw prices increase by 13.3% year on year in April to $2.90 per kg.
This is down on the March figure, which reflects carriers beginning to increase capacity on the transatlantic for the passenger season while demanded remains flat during the summer period.
Click on chart for interactive dashboard

Read more air cargo data news

Share this story

Related Topics

Latest data news

Freighter fleet expected to grow by 2.3% per year

By Damian Brett

Aviation data firm Cirium is expecting the world’s freighter fleet to grow at 2.3% per year over the next 20…

Read More

Share this story

IATA: Mixed signals for cargo as demand drops in November

By Damian Brett

There are mixed signals regarding air cargo’s outlook after November saw another double-digit percentage decline in demand. The latest IATA…

Read More

Share this story

CLIVE: Dig deeper for true air cargo market picture

By Rebecca Jeffrey

The air cargo industry is holding its own given the economic pressures it faced last year and despite a consistent…

Read More

Share this story