Drewry: How low can air freight rates fall?
Air freight rates stabilised in July, bringing to an end seven consecutive months of falling pricing in the wake of a marked slowdown in world cargo demand, according to Drewry. UK-based Drewry noted that its East-West Air Freight Price Index recovered 2.0 points in July to a reading of 90.3, lifting it off its lowest ever level since the index was first launched in May 2012.
September 30, 2015
By PLA Editor
“We now expect air cargo traffi c to stagnate in 2015. With capacity continuing to rise, supported by strong passenger demand, the industry faces a challenging period of weak load factors and low yields. With jet fuel costs set to fall further, importers and exporters look set to benefi t from ever-lower airfreight pricing.