Jury still out on benefits of index-linked contracts for shippers
Freight index platforms are keen to push index-linked agreements (ILAs), but there are questions about ...
© Zubada
By Alex Lennane
Air cargo spot rates have hit a new height in the first week of September, as the industry braces for transpacific-heavy demand in Q4.
Average global spot rates went up 6% in week 36, according to WorldACD, 30% higher than a year earlier. Asia-Pacific origin rose 6% week-on-week while the Middle East and south Asia went up 7% ? 41% and 101% higher year-on-year, respectively.
Contract rates also went up 3% week-on week, marking a 16% year-on-year rise – and 51% higher ...
Comment on this article