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Air freight rates hit four-year high in November, says Drewry
Published:2018-12-30   Have been here 73   Source:泓威国际物流

Air freight rates on major East-West routes hit a four-year high in November, according to the results of Drewry’s latest East-West Air Freight Rate Index.

The index jumped by 5% in November, to US$3.18 per kg, and was 2% higher than during last year’s already strong peak season, the freight markets analyst  noted.

“The fear of US tariffs pushed short-term demand and air freight rates in the transpacific this peak season, but rates have also been remarkably strong in the transatlantic and Europe-to-Asia routes this year,” said Philip Damas, director of Drewry Supply Chain Advisors, the logistics consultancy arm of Drewry.

In an interview with Lloyd’s Loading List earlier this month, Panalpina's global head of air freight, Lucas Kuehner, said that while peak season had not been as dynamic as last year,  market activity over the past 12 months still showed growth overall on 2017.

“Unsurprisingly, the peak season too has not been as robust as last year. We estimate air freight market growth for the full year to come in at 3-4%, which, in absolute numbers, still signifies good growth.”

He underlined that throughout the year, carriers had managed capacity well, which led to a lower share of allocations and block-space agreements as well as higher rates to the tune of 15-20% on selected trade lanes.

The disciplined capacity management had also given carriers room to play in the spot market in anticipation of higher rates and potentially more attractive ad hoc charters during the peak season, Kuehner added.

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