Transpacific airfreight rates picked up in March, although there were further declines from Hong Kong to Europe and across the Atlantic.
The latest statistics from the Baltic Exchange Airfreight Index show that prices from Hong Kong to North America in March increased by 9% compared with February, to $5.38 per kg.
Prices from China to the U.S. were also up, increasing by 7.8% in March compared with February.
“Sources cited an ‘end-of-quarter rush’ particularly in e-commerce and garments ahead of Easter – though [they are] also expecting prices to soften again,” stated data provider TAC Index in its weekly market round-up.
Read more in an article from Air Cargo News.