Transpacific airfreight rates touch new highs in peak season

Airfreight rates on the transpacific trade lane continue to surge since the start of November as peak season demand kicks off and modal shift from ocean continues. The latest figures from the Baltic Exchange Airfreight Index (BAI) show that prices on services from Hong Kong to North America reached $11.22 per kg – the highest on (BAI) record and up from $9.12 per kg at the start of October. To Europe, prices from Hong Kong are at 7.80 per kg – also a high for the index.
Meanwhile, the Freightos Air Freight Index shows that prices from Asia/China to the US west coast last week reached $14.22 per kg and to the east coast are at $12.76 per kg.