top of page

Air cargo rates continue to soften

Global air cargo rates have continued to soften in September, according to the latest figures from WorldACD Market Data. WorldACD said that air cargo prices continued their gradual decline in the first two full weeks of September, while volumes increased slightly in the second week after a drop in the first full week.This follows a drop in worldwide cargo volumes in chargeable weight in August. Notably, volumes ex-North America displayed a -10% drop. Looking at year-on-year comparisons, WorldACD said after remaining above last year’s levels for the first seven months of 2022, worldwide rates are softening week over week, to currently -7% below their level this time last year, despite the buoying effects of higher fuel surcharges compared with last year.

7 views

Recent Posts

See All

Airfreight Rate Continue to Rise

The Baltic Exchange Airfreight Index (BAI) shows rising rates from Hong Kong to Europe and North America, increasing year-on-year and slightly compared to May. In June, rates to North America rose by

CCFI Summary week 27

Ocean freight rates increased via the West Coast of North America (+6.1% week-on-week), Europe (+7.7%), via the East Coast of North America (+2.2%), and in Korea (+4.4%).

CCFI Summary week 24

Ocean freight rates increased via the West Coast of North America (+9.6% week-on-week), Europe (+9.0%), and via the East Coast of North America (+7.8%). Freight rates in Korea (-3.9%) decreased.

Comments


bottom of page