28 November 2023
Freight News

Mother Nature Contributes to Pushing Up Airfreight Rates

Airfreight rates continued to rise last week as weather conditions, volcanic activity and wars put capacity under pressure.

The latest figures from TAC Index show that the overall Baltic Air Freight Index was up 4.6% in the week to November 20 compared with the previous seven days.

The increases were led by China, as prices out of Hong Kong increased by 11.5% compared with a week earlier and are now down by 2.2% compared with a year ago.

Read more in an article from Air Cargo News.

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