News / Air freight rates out of China are declining – but slowly

© Scaliger

Air freight rates out of China have continued to fall, although not at the pace they rose.

New figures for the past week from the TAC Index and Freight Investor Services (FIS) show China to Europe down $0.59, while China to the US is down $0.23.

FIS said the slower rate drop was due to Hong Kong, where rates rose to the US by $1.14. Shanghai, however, fell $1.37 to Europe and $1.60 to the US.

Seabury data from last week showed eastbound ...