Air Freight Rates on Major Trades Down but Still More than 50% Above Pre-COVID Levels

Airfreight rates continued their downward spiral in January but are still above pre-COVID levels.

The latest statistics from the Baltic Exchange Airfreight Index show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in January declined to $6.14 per kg compared with $6.50 per kg in December and $10.90 per kg a year ago.

However, rates on the trade are still 67.8% above the $3.66 per kg registered in January 2019 (pre-COVID).

Read more in an article from Air Cargo News.