Air freight rate levels on the rise, but still lag 2014

default_image

© Khunaspix Dreamstime.

By Alex Lennane

26/10/2015

There’s good news and bad: Drewry’s latest Sea and Air Shipper Insight for September records the largest rise in air freight pricing since January, and the third consecutive monthly rise. The weighted average airfreight rate on 21 key east-west trades increased to $3.22 per kg from $3.06 in August. And the bad news? Pricing still lags that seen in 2014, and the rise is not expected to last after product launches finish and end-of-year demand dies down.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

Drewry air freight rates Rates: the eternal tango Chinese New Year Drewry Red Sea Crisis Suez Canal

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Urgent call for breakdown of cargo onboard as General Average declared on Dali

Hong Kong drops out of world's top 10 busiest container ports

Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker

Flexport is 'back on track' – now it needs to start growing again

'Slow season' and ocean network stabilisation easing pressure on rates

Bottlenecks and price hikes as airlines now avoid Iran airspace

Kuehne + Nagel reshuffles the suits – leaks, views, sights

Vehicle imports clogging up terminals at European auto ports

Iran may now pose a threat to multimodal supply chains via Dubai

Capture of MSC Aries will further drive up Indian export costs

US splashes out to grab a slice of the semiconductor manufacturing pie

Ammonia, not methanol, will be the 'green fuel of the future'

Looks like rain: Panama Canal Authority eyes return to normal service

Soaring air freight rates may level out as summer capacity takes off

EXCLUSIVE: Kuehne + Nagel shockwaves in APAC