Geopolitical tension tempers airfreight optimism as spot rates fall
Geopolitical tensions and slower-than-recent-average growth in December tempered the optimism of an airfreight sector that ...
The downward trend of the Drewry World Container Index (WCI) continued this week, showing average rates have fallen another 2%, to $5,428 per 40ft, from the highs of mid-July.
This marks the third consecutive week of falling rates, but the consultant says there is still a long way to go, with the WCI sitting 282% higher than the 2019 pre-pandemic average.
And as last week, the most pronounced price decrease was seen on the Shanghai-LA route, which fell $198, to $6,303 per ...
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