AMERICAS: Air cargo rates out of Asia slip in Nov

Air freight rates out of Asia slipped 0.4 per cent in November from the month before and took a sharp turn downward from the same period a year earlier, according to the Drewry Freight Price Index. The Drewry rate index for air freight shipping from Shanghai fell 18.3 per cent compared to November 2009, a […]


Air freight rates out of Asia slipped 0.4 per cent in November from the month before and took a sharp turn downward from the same period a year earlier, according to the Drewry Freight Price Index. The Drewry rate index for air freight shipping from Shanghai fell 18.3 per cent compared to November 2009, a key month that saw air cargo demand surge in advance of a recovering global economy. The decline marks the first year-overyear decline in the two-year history of an index that grew at a double-digit pace most of last year over the depressed figures of 2009. Airlines have been gradually restoring capacity to meet the improved demand with global capacity growth outpacing traffic gains in November for the first time this year, according to the International Air Transport Association. IATA said capacity in the Asia-Pacific region grew 5.6 per cent in November against 4.1 per cent growth in traffic.