Global air freight rates fluctuate, movement continues: TAC Index

According to the TAC Index price reporting agency, “Global airfreight rates have been slightly changed, but there is movement on individual lanes. The overall Baltic Air Freight Index (BAI00) was down by just -0.1% in the week to August 19 – maintaining the solid pattern of recent weeks. The year-on-year gain now stands at +10.8%. The unchanged overall picture did hide considerable movement up and down on individual lanes, however. The index of outbound routes from Hong Kong (BAI30) gained a further +0.6% week on week, taking its year-on-year gain to +22.9%. But outbound rates from Shanghai slipped 1.2% WoW, though leaving its rise YoY at a robust 28.1%. There were also gains on rates from Seoul to Europe, while those out of India fell back a little after the huge rises earlier this year. Rates from Vietnam fell to Europe but rose again to the US.”