Supply chain delays expected after earthquake hits Myanmar
Today’s earthquake in Myanmar won’t have devastating impacts on supply chains, but shippers should expect ...
© Tyler Olson
By Alex Lennane
Whichever air cargo spot rate index you prefer – they are all going down. The market is bucking the trend of rising towards a late-year peak.
The overall TAC Index of a basket of major routes, showed rates falling 6.3% in the week to 10 October. Year on year, it is 27.7% down.
Freightos Air Index showed Y-o-Y falls of 13.4%, while in the past week it has dropped 10%, and Xeneta said spot rates had fallen 9% and were now below 2021 ...
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