AIR cargo rates declined in May compared with April levels, but are expected to pick up again in June, reports London's Air Cargo News
AIR cargo rates declined in May compared with April levels, but are expected to pick up again in June, reports London's Air Cargo News. The latest figures from consultant Drewry's monthly Sea and Air Shipper Insight report show that all-in buy rates across 28 east-west routes decreased by one per cent compared with April to $2.70 per kilogramme.
The month-on-month decline should not come as too much of a surprise as there tends to be a decline between April and May in line with the summer slowdown.
However, prices were up on a year earlier when forwarders were paying $2.44 per kilogramme. Prices between May and June tend to be fairly flat, although Drewry this year is predicting an increase, fuelled by the transpacific trade.
This would certainly be in line with market trends, reports suggest that shippers have been looking to move cargo ahead of trade tariffs coming into force on July 6.
