News / Air freight gives cause for optimism despite declining yields

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May marked the start of a slight downward trend in air freight rates, according to Drewry’s East-West Air Freight Price Index (see chart below). The weighted average of 21 east-west trades fell by 1.8 points to 97. Last year’s index showed prices falling in June and July, with a slight pick up in August.

Carriers, however, are noting a slight increase in volumes on Asia-Europe. A spokesman for Lufthansa Cargo told The Loadstar: “We are seeing some good developments in Asia ...