{"id":4858,"date":"2022-06-07T15:09:47","date_gmt":"2022-06-07T15:09:47","guid":{"rendered":"https:\/\/axxessintl.com\/?p=4858"},"modified":"2022-06-07T15:09:47","modified_gmt":"2022-06-07T15:09:47","slug":"airfreight-rates-pick-up-in-may-despite-demand-declines","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/airfreight-rates-pick-up-in-may-despite-demand-declines\/","title":{"rendered":"Airfreight Rates Pick Up in May Despite Demand Declines"},"content":{"rendered":"<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">Airfreight rates on major east-west trades continued to increase on a year ago in May despite analyst figures showing demand declines over the last few months.<\/span><!--more--><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates from Hong Kong to North America in May increased by 21.7% year on year to $9.69 per kg, while they were up 1.2% compared with April.<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">The increases come as air cargo operations from Asia continue to face disruption. The Shanghai COVID lockdown continued to impact production levels in May, with airlines responding by removing flights.<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">Jet fuel prices have also surged over recent months.<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">On the demand side, the latest data from CLIVE Data Services shows another downturn in volumes in May, this time sliding by 8% year on year.<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">\u00a0<\/span><\/p>\n<p style=\"margin: 0cm; line-height: 12.6pt;\"><span style=\"font-size: 10.5pt; font-family: 'Arial',sans-serif; color: #555555;\">Read more in an <a href=\"https:\/\/ciffa.apms5.com\/anywhere\/m?s=ciffa&amp;m=s_37c2c36b-ec2f-4e31-a775-ecccd19b4b7c&amp;u=e1jq4wvfdtfm8dhg6n1k4hj45n2mad255mu36ha25n13ada35mt3jc1m6rtm8cj370uk8&amp;r2=d1u78w3k78qjyxvqewq62ubjcdgq4tvfdtjqewtedtjq8bv4c5u62bv1d5t6cwk5d5kpgx1de9gq8tbk5nr6jrvb5nuq0bb9drppurbt5nj6awvgd5u6abb4cnpp2vk45nj6arvcd5q6awtf7xuq8vazcdgpuw31d5kpwfb589uprv35ehmpwqtj68r3cc1k4tuq8vazdnjp8ubndmypavb1d5p2cxbmdnfq6vvne9hpafb1enu6yw39dhqq8&amp;n=3\" target=\"_blank\" rel=\"noopener\">article from Air Cargo News<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airfreight rates on major east-west trades continued to increase on a year ago in May despite analyst figures showing demand declines over the last few months.<\/p>\n","protected":false},"author":5,"featured_media":4644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[293],"types-de-nouvelles":[],"class_list":["post-4858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-airfreight-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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