CHINA: Air freight rates still down on 2010

International air freight rates out of Asia moved up to the highest point in six months in April, according to the Drewry Air Freight Price Index, which showed average pricing growing 5.7 per cent from the month before. The index prepared by Drewry Shipping Consultants of London reached 112.9, the top level so far this […]


International air freight rates out of Asia moved up to the highest point in six months in April, according to the Drewry Air Freight Price Index, which showed average pricing growing 5.7 per cent from the month before. The index prepared by Drewry Shipping Consultants of London reached 112.9, the top level so far this year and highest since the measure of air freight pricing out of Shanghai was at 118.7 in November. The second straight month-to-month gain left the Drewry rate index 15.1 per cent ahead of the low point reached in February. But the index was off 16 per cent in April compared to the same month a year ago, the sixth straight year-over-year decline in an expedited shipping market that is seeing capacity increasing steadily while demand has flattened out.