Rates under pressure as NCA freighter audit continues and trade war looms

Nippon Cargo Airlines’ (NCA) fleet of eleven 747Fs has now been grounded for more than a week as government authorities continue to audit the carrier’s maintenance records. This sudden loss of capacity ex-Asia, combined with a number of shippers rushing to fortify inventories of Chinese goods ahead of new duties scheduled to be imposed as […]

Air freight rates slowly edging upwards ahead of peak season

Air freight rates on major east-west routes fluctuate from month-to-month, and for the year 2017, appear to have bottomed out in February. Except for a blip between April and May, rates have gradually been on the rise ahead of peak season. In its monthly East-West Airfreight Price Index, Drewry reported rates up 1.6 points between […]

Air freight rates on the rise in lead-up to peak season

Drewry’s latest East-West Airfreight Price Index indicates that market momentum for airfreight is carrying into the summer of 2017 as demand for airfreight outstrips new capacity coming onto the market, lending a boost to air freight rates, and load factors. The UK-based market intelligence firm reported rates across 21 major east-west trade lanes rose by […]

Air freight rates demonstrate resilience in January

As is typically the pattern following peak season, air freight rates dropped in January, but by a much smaller margin than expected, according to UK-based freight market analyst Drewry. Average rates fell just US$0.13 to $3.01 per kg, and were significantly higher than in January 2016, when rates were $2.69. The drop between December and […]

Smaller-than-expected December decline in air freight rates.

After reaching a year-high in November 2016, air freight rates on major east-west routes fell for the first time since May 2016 in December, according to UK-based freight market analyst Drewry. Rates often taper down following peak season as capacity eases up, but this month’s drop-off was smaller than usual. In its monthly East-West Airfreight […]

Air freight rates soar in November

Air freight rates on major east-west routes reached a year-high in November, according to UK-based freight market analyst Drewry. If that’s not reason enough to uncork the champagne during holiday celebrations this month, early indicators also suggest that high rates and strong demand have continued into December. In its monthly East-West Airfreight Price Index, Drewry […]
Get Latest Issue