According to the International Air Transport Association (IATA), global air cargo traffic fell 8.3% in May from the same period last year, marking the third consecutive month of decline. The biggest factor was the continued reduction of flights on the Asia-Europe route, which accounts for 20% of global traffic, due to difficulties in flying over Russia caused by the Ukraine crisis. According to the TAC Index, an international index, air freight rates for shipments from Shanghai to Europe rose 40% compared to the end of February, the lowest level in recent months.
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See AllIn 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 pri
Ocean freight rates increased via the East Coast of North America (+1.4% week-on-week) and South Korea (+0.8%). Freight rates via the West Coast of North America (-1.3%) and Europe (-0.1%) decreased.
The rankings for international airfreight cargo volume from Japan in July 2023 have just been unveiled. Nippon Express claims the top spot, having transported 16,277 tons of cargo, albeit marking a 21
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