All Baltic Exchange Air Freight Index articles
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News
Air cargo rate increases on major Asia trades taper off in July
Airfreight rates on key trade lanes out of Hong Kong were largely flat in July compared with June but they continue to be higher than a year ago.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong to Europe in ...
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News
Airfreight rates on major trades remain down on 2023 levels in February
Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing of Lunar New Year break affected performance.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America were down 5.5% year on ...
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News
Airfreight rates slide as 2023 draws to a close
The last few weeks of 2023 saw airfreight rates start to fall as demand eased after the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in December all-in rates paid by forwarders (contract and spot) from Hong Kong to North America increased to $7.10 per ...
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NewsAirfreight rate rises pick up pace in October
Source: Baltic Exchange Air Freight Index (BAI) powered by TAC Data Copyright: Baltic Exchange. Chart created by Air Cargo NewsAirfreight rates on major east-west trades picked up in October as the industry entered its traditional peak season (see dashboard at end of article). The latest figures from the Baltic Exchange ...
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NewsAirfreight rates continue to rise in September
Airfreight rates finally showed signs of improvement in September (see dashboard at end of article) and further increases have been recorded in the first week of October.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates - spot and contract - paid by forwarders from Hong ...
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NewsMajor Hong Kong trades see airfreight rates stabilise in August
Major trades out of Hong Kong and Frankfurt saw airfreight rates stabilise in August after months of declines [see dashboard at end of article].The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average prices paid by forwarders - both contract and spot - on services from Hong ...
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News
Rates down again in May as outlook weakens
Airfreight rates on major east-west trade lanes were down again last month (see dashboard at end of article) as commentators warn that pressure on pricing will remain for the rest of the year.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates - based on contract ...
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Insights
Airfreight rates slide in April
Airfreight rates on major east-west trade lanes declined in April as indicators of a recovery in March showed signs of fading (see chart below).The latest statistics from Baltic Exchange Airfreight Index (BAI) show declines in prices between Asia and Europe, Asia and North America and across the Atlantic.The falls are ...
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News
Air cargo stabilises but there are risks ahead
Recent airfreight rate data appears to show that the air cargo market may have reached a new normal but the outlook remains cloudy.Writing in his monthly column for the Baltic Exchange Airfreight newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel ...
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News
Airfreight rates climb on the transpacific in March
Transpacific airfreight rates picked up in March, although there were further declines from Hong Kong to Europe and across the Atlantic.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that prices from Hong Kong to North America in March increased by 9% compared with February to $5.38 per ...
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News
Rates on major trades down but still more than 50% above pre-Covid levels
Airfreight rates continued their downward spiral in January but are still above pre-Covid levels.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in January declined to $6.14 per ...
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News
Air cargo rates continue to decline in November
Air cargo pricing on some of the world's major trade lanes continued to decline in November, bucking usual seasonal trends.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that spot and contract rates paid by forwarders on services from Hong Kong to North America slipped to an average ...
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News
Airfreight rates decline again in October
Airfreight rates continued to buck normal seasonal trends and declined again in October as the air cargo market remained subdued.The market usually sees an increase in rates out of Asia between September and October as the industry continues to ramp up toward the peak season. However, that was not the ...
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News
Soft market conditions continue in air cargo
Soft market conditions continue in air cargo as trade worries, high inflation and new Covid lockdowns impact demand.This week's market round-ups from forwarders and analysts point to a weakening market in terms of demand, although rate declines have eased.Flexport mentioned lockdowns being introduced in Ningbo and their potential to hit ...
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News
Airfreight rates on key lanes continue gradual descent in September
Airfreight rates on key trade lanes out of Asia continued to weaken in September despite the industry heading towards the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in September rates from Hong Kong to North America declined by 18.5% compared with a year ago ...
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News
Unexpected airfreight rate stagnation down to fuel prices and a slowing market
Many had expected the opening up of Shanghai and Hong Kong following strict Covid lockdowns to result in a surge in rates from Asia as factories played catch up following months of closure.However, TAC Index figures show that rates actually declined marginally in June compared with May from Hong Kong ...
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News
Airfreight rates on key lanes fall in June
Airfreight rates on key east-west trade lanes fell in June as the air cargo market enters the quieter summer period.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that airfreight rates from Hong Kong to North America dropped by 10.1% in June compared with May to $8.72 per ...
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News
Airfreight rates pick up in May despite demand declines
Airfreight rates on major east-west trades continued to increase on a year ago in May despite analyst figures showing demand declines over the last few months.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates from Hong Kong to North America in May increased by 21.7% ...
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News
Airfreight rates to continue to rise despite easing demand?
The current easing of the airfreight market may only be a temporary blip and rates could rise further once lockdowns in China are lifted, according to Bruce Chan, senior analyst at investment bank Stifel.In the latest Baltic Exchange market round-up, Chan said that despite a year on year drop in ...
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News
Airfreight rates begin to rise in April
Airfreight rates on major east-west trades began to creep back up in April following the previous month's decline, as demand began to rise in line with seasonal trends.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April the average rate from Hong Kong to North America ...