Airfreight demand expected to weaken through Q2
Weak ecommerce demand has seen cancellations of airline block space agreements and charters, particularly to the ...
By Alex Lennane
Air freight rates have started to fall, triggering a debate on how long the ‘new’ capacity might stay in the market.
According to the latest TAC Index data, rates per kg from China to the US are down some 5%, to $5.09 all in, while to Europe they have edged down to $4.06 – despite fuel prices creeping up.
They still, however, remain ‘elevated’, with ‘normal’ February rates traditionally below $4 to the US and $3 to Europe.
As Emirates celebrated one year ...
Comment on this article
Steve Manser
March 16, 2021 at 9:53 pmNot sure where people are seeing air cargo rates reducing – availability is at a premium and pricing increasing on a daily basis.
Both scheduled and Charter capacity is scarce ex Asia to both Europe and the US, so the requirement for passenger freighters will remain around for quite a while yet.
Major freight forwarders are scrambling to lock in long term charter capacity through to this time next year to ensure they can meet their customers demands/requirements.