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Air freight index 2023 Q4

Lean Energy Co., Ltd. (LE) announced the transition of air cargo fares reflecting October - December 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

Airfreight to North Americas in Q4 2023 were headed higher, continuing the trend of Q3. EC from China to North Americas was booming up for the year-end shopping season...


TC3 to TC2

Airfreight continued to rise from Q3 due to strong demand of EC from China to Europe. The upper range index was 2.88 close to 3...


Japan to TC3

Airfreight from Japan to Asia also increased due to high demand toward the end of year. The upper range index stayed at a high level without...


TC3 to Japan

Airfreight from Asia to Japan turned down compared to Q3. The middle range index was 1.14, almost the same rate level as before COVID19 pandemic...


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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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