News / Indian airfreight traffic takes off as rates and marketshare increase

Indian airfreight forwarders are reporting a noticeable uptrend in freight rates to/from major global markets as volumes grow because of the festive demand boost.

Air cargo rates from India to North America have increased by an average of 8% to 10% over the past two months, while India-Europe rates are up about 10%, versus the averages seen during June-August, a typical lean period following the demand downturn after the pandemic-linked trade upswing, say forwarders.

And inbound air freight rates have seen even ...