News / Air rates merry-go-round looking intense – 'how low will it go?'

Airfreight rates continue to plummet, but new product launches and improved faith in the US economy have left analysts divided on what the year-end will bring.

Xeneta’s Clive Data Services recorded July spot rates declining at a hastening pace of 40% “or more”, year on year, the fourth consecutive month of decline, with Tac’s Baltic Air Freight Index putting the drop at 46.2%.

Chief airfreight officer at Xeneta Niall van de Wouw said: “July rarely provides ...