Air freight rates on east-west trades to rise further in July: Drewry forecasts

AIR freight rates across 21 major east-west trade lanes are up this summer by 1.1 per cent, year on year, to reach US$2.81 per kilogramme.

The latest Drewry's East-West Airfreight Price Index rose by 1.2 per cent in June, compared to May, which saw a slight dip after April. With the index now about one per cent above the same month last year, Drewry said that a surge in freight tonne kilometers "outlines a strong market."

The index also indicates that, as load factors increase, demand for air freight is outstripping new capacity entering the market, reported New York's Air Cargo World.

The latest numbers also provide a strong base rate to build on as the industry moves from the summer into the peak season this autumn. The UK-based research firm also noted that it "expects the air freight rates to further grow in July."

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