Drewry Index: Decline in airfreight rates softens

The latest Drewry East-West Airfreight Price Index report shows that airfreight prices dipped $0.09 in February 2020 to $2.50 per kg, down from $2.59 in January 2020.

The February 2020 rate compares with $2.47 per kg from the same month last year.

“The Drewry East-West Airfreight Price Index for February was up by 0.84 points at a value of 84.9 from a year earlier value of 84.1, although it sank from January’s level of 88.0,” Drewry Sea & Air Shipper Insight said. “November 2019 was the only period in the past 14 months that the index climbed over the 100.0 mark of May 2012”.

Drewry Sea & Air Shipper Insight also suggested that airfreight rates will “remain challenged next month because of weak global demand”.