News / With air cargo rates set to remain sky high, shippers need to plan carefully

© Dezzor

Accurate forecasting by shippers will be crucial to manage their shipping requirements – and costs – efficiently, as air freight rates look set to remain high this year.

The Baltic Air Freight Index saw a 100% year-on-year increase this week, while the past few weeks have seen the highest readings since the Q2 capacity shortage.

However, forwarders in Asia have noted a softening market ex-China, in part due to lockdowns, although e-commerce remains strong.

One South-east Asian forwarder told The Loadstar: “Air freight wise, ...