Agility Survey Finds Two-Thirds of Experts Predict Lower Ocean and Air Freight Rates by Year's End

Agility has released its Emerging Markets Logistics Index for 2022. According to the survey, nearly two-thirds of the 756 industry experts surveyed expect ocean and air freight rates to fall by the end of the year. In addition, 80 percent of them expect port congestion, air supply shortages and trucking problems to ease by the end of the year.

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Ocean freight rates decreased via the West Coast of North America (-5.6% week-on-week), via the East Coast of North America (-3.5%), Europe (-7.0%), and Korea (-4.4%).

IATA said the air cargo market is stable despite demand falling for the sixth month in a row in August. The airline association’s latest data shows that demand in August fell by 8.3%, which was a slig