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Air freight rates recorded their slightest November-to-December decline in five years, with levels well up on last year amid expectations of another strong period in early 2018.
Drewry’s latest East-West Airfreight Price Index shows December rates down some 2.8% on November, but at $3.06 per kg were 8% up on December 2016.
The decline is less than half the global average 6% decline reported between November and December since 2012.
E-commerce has been cited as the key reason for the strong showing, pushing capacity right to the ...
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