Air freight index 2022 1Q

Lean Energy Co., Ltd. (hereinafter referred to as LE) announced the transition of air cargo fares reflecting the January-March 2022. This index is calculated originally by LE using the bidding data conducted by LE's international logistics platform e-Bid Freight and other external sources.


TC3 to TC1 Air freight remained at historically high levels. The high was 5.019, a record high for the seventh consecutive month. Medium and low prices rose significantly this quarter. The gap between the high and low prices is almost double, but smaller than in the previous quarter.


TC3 to TC2 The Medium and Minimum price ranges rose, while the Maximum price range fell for the first time in four months. Tighter COVID 19 quarantine in China reduced demand for airfreight originating from China, limiting the increase in the Max price range.

Japan to TC3 The maximum price range declined slightly over the past five months to 4.061 this quarter, 0.541 lower than the maximum price in 1Q 2021. The tightening of COVID 19 quarantine in China has reduced the ongoing demand for airfreight to China.

TC3 to Japan All 3 indexs rose slightly and remained at high levels. No major trend changes are seen during this period.

Index calculation method

  • This index was calculated originally by LE using the bidding data conducted by LE's international logistics platform e-Bid Freight and other external sources.

  • TC1,2,3 are based on the regional divisions defined by IATA, TC1 refers to the Americas (North America, Central America, South America), TC2 refers to Europe, the Middle East, African Continent, and TC3 refers to Asia.

  • The index is calculated based on the total amount of Airfreight plus Fuel Surcharge and Security Surcharge.

  • Max range is high price range, Mid range is median range, Min range is low price range

  • 2020 2Q (April-June 2020) is the time to expand COVID19 and may be omitted due to lack of valid data.

  • Midrange of 2020 1Q is set 1 as an indicator for each index

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