News / Airfreight rates: have we hit the bottom yet – if not, when?

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Following the rollercoaster of a massive surge during the Covid-19 era and subsequent ‘Big Dipper’ style fall over the past year, June was a quiet month for air freight markets.

The market ended the month on a slightly weaker note, with a fall of 2.4% in the overall Baltic Air Freight Index (BAI00) in the week to 3 July. Over the previous four weeks, the decline had been 4.8%, taking the year-on-year change to -49.4%.

Regionally, the strength of demand in e-commerce ...