Drewry Index: Decline in airfreight rates softens

By Rachelle Harry

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”.

Share this story

Related Topics

Latest data news

Air cargo rates continue to soften

By Rebecca Jeffrey

Global air cargo rates have continued to soften in September, according to the latest figures from WorldACD Market Data. WorldACD…

Read More

Share this story

Cathay Pacific claws back capacity amid flat demand

By Rebecca Jeffrey

Cathay Pacific has continued to benefit from the easing of quarantine restrictions in Hong Kong and the return of its…

Read More

Share this story

Schiphol looks ahead as ABC loss hits volumes

By Damian Brett

Amsterdam Schiphol Airport saw its cargo volumes decline by 13.8% year on year in the first six months of the…

Read More

Share this story