News / Airfreight rates ex-Asia still rising, but 'no drama' in a better prepared market

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Forwarders and data providers are reporting increasingly high airfreight rates out of Asia, expected to hit a new level at the end of November. But the market is not anticipating a ‘crazy’ peak. 

Worldwide, air cargo spot rates rose 5% in the last week of October, from a week earlier, with origin Asia Pacific up 3%, Europe up 7% and Central and South America up 8% – although global tonnages remained flat, according to WorldACD. 

Spot rates are now 22% above where ...