Ocean freight rates increased via the West Coast of North America (+0.1% week-on-week). Freight rates via the East Coast of North America (-3.1%), South Korea (-5%), and Europe (-1.1%) decreased.
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See AllGlobal 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%).
Air cargo rates on major east-west trades in February continued their decline compared to last year due to the timing of the Lunar New Year break. According to the Baltic Exchange Airfreight Index (BA
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