Freightos has published a blog post in which it concludes that 2017 was a high year for air freight, with rates ‘dramatically’ up at the end of the season.
Manel Galindo, CEO of Freightos WebCargo, has seen higher rates still going through:
“Of course, urgent shipments are going for a lot higher. Last week, we saw Hong Kong to Europe going for $21/kg, and Europe to South America at $26/kg.
China-Europe rates will stay high. Even where there is some flexibility, rates will stay in the $7-10/kg band for several more weeks yet. The current backlog probably won’t fully clear before the lead up to the Chinese New Year closedown starts.”