Outbound London Heathrow surged +5.9% WoW, with gains on most major lanes pushing it up to a gain of +31.6% YoY.
Air freight rates fell back overall a little during the week ended December 23 as the traditional peak season period came towards an end, according to the latest data from TAC Index.
"The global Baltic Air Freight Index calculated by TAC was lower by -3.5 percent in the week, leaving it slightly lower by -3.1 percent YoY – but still quite close to what had been a steep peak season spike last year," the update added.
Despite reports of some extra cargo being rushed through ahead of tariffs when U.S. President-Elect Donald Trump takes charge in January, rates on the big lanes out of China were mostly lower both to Europe as well as to the U.S. "The index of outbound routes from Hong Kong was down -3.2 percent WoW, leaving it at -7.1 percent YoY. Outbound Shanghai dipped -6.9 percent WoW, leaving it at -6.2 percent YoY."
Elsewhere out of Asia, trends were more mixed with rates slightly lower out of Vietnam and also out of India to the U.S. Rates to Europe were up again out of Bangkok and Seoul, the update added.
Out of Europe, after recent gains, the index of outbound routes from Frankfurt declined by -7.1 percent WoW, dragged lower by falls on rates to North America, leaving it still ahead by +10.7 percent YoY. Outbound London Heathrow surged +5.9 percent WoW, with gains on most major lanes pushing it up to a gain of +31.6 percent YoY.
The index of outbound routes from Chicago was also up WoW by +4.9 percent, helping trim its YoY decline to -10 percent, the update added.
Source: https://www.stattimes.com/air-cargo/air-freight-rates-decline-as-peak-season-nears-end-1354102
Enjoying fresh produce at affordable prices from tens of thousands of kilometers away is becoming commonplace for Chinese consumers.
The role of freight forwarders in air cargo is becoming more complex as ongoing capacity constraints and high demand challenges their ability to access space out of Asia,...
Prologis Research has released a special report, Seven Bold Predictions for 2025: Supply Chain Trends to Watch, which identifies the major areas to keep an eye on during the...
The board of FedEx has agreed to separate FedEx and FedEx Freight into two public companies with the reasoning that “separation unlocks significant value”.
IATA has launched the IATA Air Cargo Device Assessment Program to validate air cargo tracking devices, data loggers and sensor-equipped devices for compliance with rigorous...
Looking back over the past year, industry leaders spoke to Air Cargo Week to lay out the key moments that they believe shaped their operations and the logistics sector.
The strong year in air cargo has been credited to ecommerce – but “traditional” air cargo might also see a bump next year, according to Xeneta.
Air cargo’s strong seasonal fourth quarter (Q4) appears to have peaked, with tonnages and rates dropping slightly in the second full week of December, including from Asia...
Since the beginning of 2024, the total volume of goods transported through seaports is estimated to have increased by approximately 14%, reaching over 570 million tons. Among...
ALS