Air cargo rates gain on US port congestion
02 / 03 / 2015
Air freight rates continued to climb through November on the back of strong peak season demand and conversions from ocean freight as a result of US supply chain bottlenecks.
Drewry’s East-West Air Freight Price Index rose a further 5.3 points in November to reach an all-time peak of 120.8 points, exceeding the record high of 117.4 achieved in November 2013 by a comfortable margin of 3.4 points.
The UK-based consultancy expects air freight pricing to recede in the near term, as the peak season concludes and lower jet fuel costs start to feed into reduced fuel surcharges.
Did you find this article of interest, if so why not register for a FREE digital subscription to Air Cargo News? – Find out more
