News / Air cargo price rises may be levelling out amid fears of a drop in demand

© Andrii Yalanskyi

Airfreight prices out of Shanghai are continuing to surge, Freight Investor Services (FIS) and the TAC Index have revealed.

Last week’s air freight rates on routes to the US from China rose 12.6%, to $5.72 per kg, while to Europe they were up 21.16%, at $4.58, “vastly higher than normal Q4 peak prices”, noted FIS.

Much of the overall surge in prices to Europe was due to the 55.9% increase in rates to Frankfurt.

However, FIS noted that the gains had levelled off ...