News / Air cargo rates out of India on the decline as volumes drop and capacity rises

© Denys Hedrovych

Air freight rates out of India have seen measurable corrections over the past month, due to a slowing of the country’s export market and enhanced capacity, according to freight forwarder sources.

According to them, the end of traditional perishables season, especially Indian mango shipments, also contributed to the cooling of rates.

“Air cargo rates from India are currently trending down due to the global demand slowdown,” Joy John, director of air and sea freight at Mumbai-based Jet Freight Logistics (JFL), told The ...