East-West airfreight
rates were for the second month in a row largely unchanged in July with
Drewry’s East-West Air Freight Price Index only moving up by 0.8 points
to 102.4 points. The small increase in pricing brought the index up to
within 1.4 points of April’s high and an impressive 8.2 points above
last year’s level, indicating the strength of the recovery in airfreight
pricing over the last 12 months. Pricing stability has been supported
by the removal of freighter capacity that has compensated for a seasonal
rise in belly-hold space. Hence, Drewry expects airfreight rates to
remain stable through August. However, thereafter pricing is expected to
rise as new product launches, such as the iPhone 6, lead to a
tightening of capacity.
Source: Drewry Sea & Air Shipper Insight
http://aircargoworld.com/Air-Freight-Data#chart8
Source: Drewry Sea & Air Shipper Insight
http://aircargoworld.com/Air-Freight-Data#chart8
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