Air freight: wars, volcanoes, earthquakes, snowfall – and goldfish

11/12/2023

November was an eventful month in air freight markets, with the overall Baltic Air Freight Index (BAI00) rising 17.2% in the four weeks to 4 December, leaving its change over 12 months at -17%.

Market sources who correctly anticipated the recent rise in rates that began in September had been expecting it to continue – and thus, a much more normal ‘peak season’ in 2023 than last year, given the strength of forward bookings. Events during the month appear to have ...