Airfreight rates on major east-west trades picked up bongdaso October as the industry entered its traditional peak season.
The latest figures from the Baltic Exchange bongdaso 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 ,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% bongdaso May.
From Hong Kong to Europe, rates bongdaso October increased 14,5% on the September level to ,26 per kg. Against last year, prices on the route are down 26.3%.
bongdaso rates tend to rise at this time of year as the industry enters the peak season, although the increase level depends on the strength of demand.
Many had been expecting a “muted” peak season this year with minimal rate rises due bongdaso subdued demand.
bongdaso its latest market summary, TAC Index said that the recent rate rises reflected a “genuine if modest peak season bounce with gains on rates from all major outbound locations around the world”.
Meanwhile, data provider WorldACD said that global air cargo tonnages and rates had stabilised after recovering from China’s National Day Golden Week bongdaso early October.
It said that there are no clear signs yet of any significant fourth-quarter peak season, despite anecdotal reports from some freight forwarders of a slight seasonal tightening of the market.
Source: https://www.aircargonews.net/data/airfreight-rate-rises-pick-up-pace-bongdaso-october/
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