Carriers react quickly to transpac demand surge, but rates remain muted
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at ...
It’s still a poor air freight market – in fact, terrible. According to Drewry’s East-West Air Freight Price Index, rates are at their second-lowest level since the index started in May 2012. It lost 1.3 points in May, falling to 79.1, with the average rate at $2.57/kg, all-in, ending two months of rate rises.
Sadly, Drewry doesn’t see a good short term outlook.
“Drewry expects airfreight pricing to remain under pressure through the northern hemisphere summer season, as more passenger aircraft are brought ...
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