News / Airfreight rates out of Asia take a dive as demand from the west is 'subdued'

© Andrii Yalanskyi

Asian forwarders are reporting a large drop in airfreight rates, but don’t believe this is the end of elevated prices, nor a significant fall-off in demand.

One South-east Asian forwarder said: “The demand for airfreight to Europe and the US is looking a bit subdued.

“However we note that this time last year, it wasn’t too strong either. Coupled with the fact that there is substantially more capacity this year, I wouldn’t say demand has dropped drastically.”

The forwarder said customers – in ...