May airfreight demand growth slows

With the release of WorldACD’s air cargo performance results for May, the slowdown from last year’s consistent double-digit increases is undeniable. Although volumes are still increasing year-over-year, the increases are significantly less than those seen during 2017. Air cargo volumes worldwide increased by 2.6 percent y-o-y in May, down from the nearly 15 percent y-o-y […]
  • Caryn Livingston
  • July 2, 2018

Airfreight rates rise through early 2018

According to the latest figures in Drewry’s East-West Airfreight Price Index, airfreight rates so far in 2018 are bucking the typical pattern of decline following the traditional “peak season” late last year. Rather than easing back as usual, freight rates increased by 3 percent, month-over-month, in February, marking only the second time in six years […]
  • Caryn Livingston
  • March 29, 2018

Drewry: Freight rates hit 2017 high in October

Airfreight rates for East-West routes reached their highest level so far for the year in October, reaching US$2.89 per kilo, as the impact of peak season demand began to be reflected in rising rates, according to Drewry’s latest East-West Airfreight Price Index report. Rates stood about 2.5 percent higher, year-over-year, for October, and saw their […]
  • Caryn Livingston
  • November 30, 2017

Drewry: Peak season boosts September freight rates – finally

Airfreight’s peak season is finally being reflected in freight rates for East-West routes. After remaining surprisingly flat through August, airfreight rates rose to their highest average rate since January with a seasonal boost, climbing to US$2.68 for September, according to Drewry’s East-West Airfreight Price Index. This brings airfreight rates to about where they were last […]
  • Caryn Livingston
  • November 1, 2017

Drewry East-West price index continues climb through July

Even during the usually slack summer months, the good news for 2017 air cargo keeps rolling in. Airfreight rates rose again during July, marking the third-highest month for freight rates so far in 2017, ahead of strong expectations for the peak season. According to new figures from the Drewry East-West Airfreight Price Index, the average […]
  • Caryn Livingston
  • August 23, 2017

Global airfreight demand sees largest increase since 2010

It’s official: Air cargo is booming. With reports in from research firms WorldACD and Drewry, and now IATA, the first half of 2017 saw its strongest freight demand increase since 2010. Yesterday’s IATA report for June indicated an overall improvement in global trade for the month, with year-over-year demand growth of 11 percent. New global […]
  • Caryn Livingston
  • August 3, 2017

Demand continues to outstrip new capacity in lead-up to peak season

Market momentum for airfreight is carrying into the summer of 2017, with rates across 21 major east-west trade lanes up by 1.1 percent, year-over-year, to reach US$2.81 per kilogram. The latest Drewry’s East-West Airfreight Price Index indicates that, as load factors increase, demand for airfreight is outstripping new capacity coming onto the market. The latest […]
  • Lewis King
  • July 25, 2017

Asia-to-North America airfreight rates post strong annual gains in May

Despite data by Asian carriers of a solid 12.2 percent increase in volumes and a 4.7 percentage-point increase in freight load factors (FLF) for the month of May, Drewry’s East-West Airfreight Price Index dropped by 3.1 percent, month-over-month, in May on Asia-to-North America routes. That’s not necessarily bad news. The market research firm noted that […]
  • Lewis King
  • June 26, 2017

April Drewry price index indicates ongoing recovery

Consider the airfreight recovery to be still alive and kicking. That’s the verdict according to th latest installment of the Drewry East-West Airfreight Price Index, showing airfreight rates continuing to recover through April. With an 8 percent year-over-year increase in monthly rates, Drewry’s numbers suggest that that demand for airfreight is making substantial gains over […]
  • Lewis King
  • May 24, 2017

AA Cargo stays busy in first quarter, but yields slump

American Airlines (AA) cargo volumes closed out the first quarter in strong form, but with yields down 6.7 percent to US$0.27, the carrier seems to be up against the same volatility that plagued the business last year. The American carrier’s data coincides with Drewry’s latest air freight numbers that had rates just pulling out of […]
  • Lewis King
  • April 28, 2017

Are rising airfreight rates a sign of resurgent global trade?

Airfreight rates ticked back up again in March, up US$0.21 per kilogram, or 6.7 percent over March 2016, as the industry moved out of a seasonal decline in rates that generally follows the holiday surge. Drewry's East West Airfreight Price Index registered an increase of 4 percent, to 87.6 points ($2.84/kg) in March 2017, pulling […]
  • Lewis King
  • April 25, 2017

January air freight market closes out on stable footing

Drewry’s East West Airfreight Price Index fell by the lowest monthly margin in January since the research firm began indexing rates in 2012. Rates fell just 13 cents, holding at about the US$3 mark in January, at $3.01, indicating greater stability in the market. The rate itself is also the lowest January posting, barring 2016, […]
  • Lewis King
  • February 23, 2017