All airfreight rates articles
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News
Reasons to be cheerful for air cargo in 2021
Well, what an end to the year that was. Just as we were ready to start winding down for the festive break, the shutters went up on the UK-France border — creating supply-chain chaos.On top of that, there were preparations for the UK leaving the European Union, container port/shipping congestion, ...
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Airfreight rates up as capacity comes under pressure
Airfreight rates from key Asian hubs continued to climb last week as ocean capacity shortages and personal protective equipment shipments pick up.The latest figures from TAC Index show that average airfreight rates from Hong Kong to North America last week climbed for the fourth week in a row as they ...
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Airfreight rates predicted to rise over the coming months as capacity tightens
Airfreight rates from China and Hong Kong are set to rise again over the coming months as new product launches and a lack of capacity put load factors under pressure, according to freight forwarder Flexport.Last week rates out of Asia appeared to stabilise — and even crept up a little ...
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Airfreight rates from Hong Kong and Shanghai stabilise
Airfreight rates from Shanghai and Hong Kong showed some signs of stabilisation last week, according to the latest figures from TAC Index.Numbers from the data provider show that airfreight rates from Shanghai to North America decreased by 0.8% week on week to $4.65 per kg, while from Shanghai to Europe ...
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Air cargo rates from Hong Kong surge
Airfreight rates out of China continued to climb last week, while prices from Hong Kong were also on the up as shippers looked to tranship through the world's largest air cargo hub.The latest figures from TAC Index show that last week average air cargo rates from Shanghai to North America ...
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TAC Index: Air cargo pricing from China surges again
Airfreight rates from Shanghai to Europe and the US surged again last week as capacity on the trade lanes remained tight.The latest statistics from TAC Index show that prices on services from Shanghai to North America last week increased by 9.3% week on week to $6.95 per kg, which is ...
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Asia-Europe air rates rocket but show signs of easing on the transpac
Airfreight rates between China and Europe increased rapidly last week but there was a drop to North America.The latest figures from TAC Index show that average prices from Shanghai to Europe last week increased by a huge 42.3% to $7.33 per kg.This is a new record for the index, which ...
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NewsTAC Index: Airfreight rates continue to increase but signs of a slowdown
Airfreight rates on the main trade lanes out of China and between Europe and the US increased again last week as capacity is "rapidly" coming back into the market.The latest figures from TAC Index show that average prices on services from Shanghai to North America last week increased by 15% ...
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China airfreight rates spike while Cathay mulls cargo only PAX flights
Airfreight rates from China increased rapidly last week as demand from China begins to ramp up but spare capacity remains tight.The latest figures from TAC Index show that last week average airfreight prices from Shanghai to North America increased by 32.3% on a week earlier to $4.02 per kg, while ...
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NewsDrewry Index: Dip in rates reflects impact of coronavirus
Airfreight rates continued to slide in January, declining 5% from December and 11% from a year earlier.The latest Drewry East-West Airfreight Price Index report shows that prices dipped $0.16 in January 2020 to $2.59 per kg, down from $2.74 in December. The January 2020 rate compares with $2.91 per kg ...
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Coronavirus clouds airfreight outlook
The coronavirus is beginning to affect airfreight prices in Asia, derivatives broker Freight Investor Services (FIS) has reported.However, the FIS added that the outbreak is leading to severe reductions in airfreight volume from Asia due to quarantine measures, which has in itself limited the amount of available data – and ...
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NewsAirfreight rates reduction reflects peak season close
Airfreight rates slid in December following a rise in November, reflecting a decline in demand as peak season came to a close.The latest East-West airfreight price index from consultant Drewry’s Sea and Air Shipper Insight report showed that prices reached $2.74 per kg in December last year, down from $3.02 ...
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A tough year for air cargo rates but some positives
Airfreight rates on major east-west trade lanes ended the year behind 2018 levels, but the picture is more positive when taking a longer term perspective.Data from TAC Index shows that in December rates on services from Hong Kong to North America declined by 22.6% on last year to an average ...
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NewsAirfreight rates continued to climb as year came to a close
Airfreight rates continued to climb in November as average prices reached their highest level in 2019.The latest east-west airfreight price index from consultant Drewry's Sea and Air Shipper Insight report showed that prices reached $3.02 per kg in November – the highest level since December last year.The fact that 2019 ...
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Saudi oil attacks set to hit air cargo prices
It is "inevitable" that spikes in the price of oil as a result of attacks on Saudi Arabian facilities at the weekend will drive up the price of air cargo.The attacks, which took place on Saturday, took out around 5% of global oil supply.Brent Crude prices - a benchmark for ...
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Airfreight rates flat line for summer slowdown
Airfreight rates flat lined in July as the air cargo industry entered the quieter summer months.The latest figures from Tac Index show that average rates on transpacific, Asia-Europe and transatlantic trade lanes for July were all fairly flat compared with the previous month.However, prices do continue to lag behind the ...
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Air cargo rates take a hit in June
The slowdown in global trade is increasingly taking its toll on air cargo freight rates.According to data provider Tac Index, average rates on transpacific services recorded their biggest decline of the year in June.Prices on the Asia-Europe trade for the month failed to record an increase for the first time ...
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Index firm adds more rate data
Munich-based air cargo information specialist TAC says that its project to totally index the world’s major freight markets is a step closer with the publication of new routes from the US, Europe and Asia.It has added Singapore-South East Asia Heathrow to all airports in the US, Canada and Mexico, Heathrow-South-East ...
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NewsTigers teams up with Doozee for instant freight rate quotes
Logistics firm Tigers is the launch customer for an instant freight rate quote engine developed by US-based tech start-up Doozee.The new tool will be available to Tigers’ international agent network and will be hosted on the Tigers SmartHub:Connect portal following the release of future versions of Doozee.Doozee will then allow ...
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Airfreight rate growth plateaus in February
Airfreight rate growth on major east-west lanes appears to have plateaued in February as the cargo market has had a weak start to the year.Figures from data provider Tac Index show that rates on the transpacific and the transatlantic both declined on year ago in February, while on Asia-Europe there ...