Airfreight Rate Continue to Rise

Jul 15, 2024

1 min read

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 16.9% to $5.75 per kg, and to Europe by 22.3% to $4.56 per kg. Despite typical summer slowdowns, strong e-commerce activity and ocean shipping disruptions have driven demand. Editor Neil Wilson notes robust market conditions, with significant year-on-year rate increases, particularly from Asia. E-commerce strategies may shift, affecting long-haul demand. The macroeconomic outlook appears optimistic, although the US election could introduce trade uncertainties.

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