Visit Our Sponsors
That's the verdict according to the 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 a multi-year downturn that started as far back as 2007.
The reports found that "higher rates out of Asia to North America" were the main reason Drewry's Price Index increased by 1.7 percent in April, compared to the previous month. "The index is now about 8 percent above where it stood in the same month last year, reflective of strong demand seen in the sector," Drewry found.
Timely, incisive articles delivered directly to your inbox.