News / Airlines struggle to limit capacity as drop in ex-Asia traffic prolongs weak market

© Khunaspix Dreamstime.

There was a slight improvement in westbound air freight rates in July, according to freight analyst Drewry.

Drewry’s East-West Air Freight Price Index, a weighted average of rates on 21 Asia-Europe, transpacific westbound and transatlantic westbound trades, recovered two points to reach 90.3 last month. In June, the index had fallen to 88.3, the lowest level since its launch in May 2012.

Martin Dixon, director ? head of research products at Drewry, told The Loadstar: “Pricing recovered marginally in July but the ...