Airfreight Rate Increases Pick Up Pace in October

Airfreight rates on major east-west trades picked up in October as the industry entered its traditional peak season.

The latest figures from the Baltic Exchange Airfreight Index (BAI) based on TAC data show that average rates – spot and contract – on services from Hong Kong to North America increased by 18.4% compared with September to $5.80 per kg.

Compared with last year, prices are down 13.9%, although the difference between the two years has continued to narrow from a high of 47.7% in May.

Read more in an article from Air Cargo News.