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Airfreight Rates in Hong Kong and Frankfurt Show Signs of Stabilization

In a welcome development, airfreight rates out of Hong Kong and Frankfurt have started to stabilize after several months of decline. The Baltic Exchange Airfreight Index (BAI) reveals that average prices paid by forwarders, encompassing both contract and spot rates, on services from Hong Kong to North America rose to $4.85/kg in August, up from $4.69/kg in July. This marks only the second monthly increase in the past year on this route, signaling a potential turnaround.


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The African airfreight market has faced challenges in recent years, but there are now signs of improvement. According to IATA, African carriers saw a cargo demand decline of 1.8% last year. This was d

Top 5 Japan Freight Forwarders in April 2024

The ranking of international air cargo forwarders from Japan for April 2024 has been revealed. The top spot was taken by NX with 17,395 tons (+1.3% y/y), followed by KWE in second place with 9,908 ton

CCFI Summary week 19

Ocean freight rates increased via the West Coast of North America (+1.5% week-on-week), Europe (+4.0%), and Korea (+3.3%). Freight rates via the East Coast of North America (-0.9%) decreased.


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