Ocean freight rates continue to tumble as peak comes to an early end
Spot freight rates on every major container lane continued to tumble over the past week ...
By Alex Lennane
It’s still a poor air freight market – in fact, terrible. According to Drewry’s East-West Air Freight Price Index, rates are at their second-lowest level since the index started in May 2012. It lost 1.3 points in May, falling to 79.1, with the average rate at $2.57/kg, all-in, ending two months of rate rises.
Sadly, Drewry doesn’t see a good short term outlook.
“Drewry expects airfreight pricing to remain under pressure through the northern hemisphere summer season, as more passenger aircraft are brought into service to support the peak tourist season, releasing more bellyhold capacity.”
Neither WorldACD nor IATA have published their May figures yet.
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