Rates out of Asia surge in June
Airfreight rates on major routes out of Asia continued to climb in June as demand to and from the region surges.
The latest statistics from Tac Index show that average airfreight prices from Hong Kong to the US reached $3.27 per kg in June, an increase of 38.6% compared with the same month last year.
Prices are also up on the $3.16 per kg achieved in May, as demand continued to improve.
Rates on the route are also up on the 2015 level for the first time this year.
There was a similar improvement in rates on the Hong Kong-Europe trade, with prices increasing by 15.9% year on year to $2.26 per kg.
Prices are also up on May when carriers were able to achieve $2.21 per kg but lag behind 2015 levels.
The improvement in pricing mirrors a continued surge in demand.
The latest statistics from analyst WorldACD show a 12.8% improvement in chargeable weight in May, with general consumer and e-commerce demand in Asia leading the improvements.
There were also signs of an improvement on the transatlantic trade, although increase are not quite as pronounced.
Tac Index figures for the month show a 2.3% year-on-year improvement in average prices paid between Frankfurt and North America to $2.22 per kg.
However, there was actually a decline compared with May when carriers were able to achieve $2.30 per kg.