Drewry index shows rates climbed in September

Jeff Lee

Average airfreight rates rose by approximately $0.2 month-over-month in September 2019, according to market intelligence firm Drewry. Drewry’s East-West Airfreight Price Index for September also rose by 8.4% compared to August 2019.

However, when compared with the same month last year, the airfreight rate was down by 6% in September 2019. But there may be some good news in the month ahead.

“Historically, September to October sees a rise in rates of air cargo,” said Drewry’s Sea & Air Shipper Insight, a report the company publishes monthly. “So, Drewry expects that rates will further increase in October.”

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Jeff Lee

Jeff Lee is the Associate Editor of the company’s monthly newsletter, Cargo Facts, and weekly e-mail publication, Cargo Facts Update. Prior to joining the company in 2019, Jeff covered the freight industry with another publication for four-and-a-half years. He holds a Bachelor of Laws from University College London and a Master of Journalism from the University of Hong Kong.