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Air freight index 2023 1Q

Lean Energy Co., Ltd. (LE) announced the transition of air cargo fares reflecting the January-March 2023. 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

Middle range freight recorded 1.47, falling below the 1.5 milestone for the first time in two years since 2021 Q1. Spot rate also declined, with the lowest NRT-ORD rate...


TC3 to TC2

The lowest air freight to AMS was USD1.57/kg all-in by SQ/CX. The most competitive rate to DXB was...


Japan to TC3

All-in rates to major airports in the East Asia declined sharply and recorded the lowest in the past two years at USD0.30/kg to PVG, USD0.41/kg to...


TC3 to Japan

The lowest air freight to Narita fell below the USD1.00 milestone at USD0.98/kg all-in from Hong Kong by CX/KZ/NH. Rates from the Southeast Area also...


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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.

  • Upper range is high price range, Midrange is median range, lower 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.

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



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CCFI Summary week 14

Ocean freight rates decreased via North America East Coast (-3.9% week-over-week), North America West Coast (-2.8%), Europe (-0.7%), and Korea (-1.9%).

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