Global Air Freight Rates Continue to Rise, Marking Eighth Consecutive Week of Gains
Global air freight rates have continued their upward trend, with the Baltic Air Freight Index increasing for the eighth consecutive week. This growth is largely driven by strong e-commerce demand from China and ongoing disruptions to ocean shipping in the Red Sea. While routes from Asia to Europe and the U.S. saw significant price hikes, transatlantic rates declined, showcasing mixed market dynamics. Overall demand growth of 12% slightly outpaced the 11% increase in capacity, pushing the global load factor higher.
Official Source: https://www.stattimes.com/air-cargo/air-freight-rates-rise-further-as-global-market-trends-remain-mixed-1358893
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