Ocean freight rates increased via the West Coast of North America (+4.8% week-on-week) and via the East Coast of North America (+1.7%). Freight rates decreased in South Korea (-4.5%) and Europe (-0.4%).
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See AllRates for airfreight services from Hong Kong to Europe and North America have surpassed last year's levels, driven by booming e-commerce demand. In April, average all-in rates from Hong Kong to North
Global air cargo demand increased by 11% year on year in March for the third consecutive month, driven by factors like e-commerce and disruptions in Red Sea shipping. Xeneta's latest analysis revealed
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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