Lean Energy Co., Ltd. (LE) announced the transition of air cargo fares reflecting the April-Jun 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 0.94, falling below the 1.00 milestone and became lower than before the pandemic. Spot rate also declined, with the lowest NRT-ORD rate...
TC3 to TC2
All three rate indexes fell sharply in this period, as did the TC1 region. Air freight rates declined for all major ports including AMS/FRA/LHR/DXB. Middle range freight index recorded...
Japan to TC3
The upper range rate index is half compared to its in 2023 Q1 and the middle range index recorded 0.87, falling below the 1.00 milestone and became lower than before the pandemic.
TC3 to Japan
The lowest air freight to Narita fell below the USD1.00 milestone at USD0.62/kg all-in from Hong Kong by CX/NH. Rates from the Southeast Area also declined, and FX/8K offered...
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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