Shanghai airfreight rate declines show signs of slowing
By Damian Brett Airfreight rate declines out of Shanghai have shown signs of stabilising over the last week. The latest figures from TAC Index show that prices from Shanghai to North America last week declined by 4.3% compared with the previous week to $4.50 per kg. From Shanghai to Europe prices slipped by 2.4% week on week to $3.21 per kg. Prices from the Chinese hub have been declining rapidly over
MoreIATA: Airfreight market improved in May, but a full recovery will take time
By Rachelle Harry Alexandre de Juniac In its latest air cargo analysis, IATA has revealed that the airfreight market improved in May, but “a full recovery will take time”. Industry-wide demand, measured in cargo tonne km (CTKs), experienced a double-digit decline for the third consecutive month — by 20.3% year-on-year, an improvement on the 25.6% decline in April. “Seasonally adjusted CTKs
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