登录查看更多内容

Air Freight Market Update October 22, 2024.

TAC Index

TAC Index | The Leading provider of live actionable market intelligence to the air freight industry.

发布日期: 2024年10月23日

Air freight rates rose again last week according to the latest data from TAC Index, the leading price reporting agency on air freight markets – with higher spot rates starting to drag the index higher, sources suggested, as the runup to the traditional peak season period started to gather steam. The global Baltic Air Freight Index (BAI00) calculated by TAC rose +1.8% in the week to 21 October, leaving it ahead by +4.4% over 12 months – though sources are still divided about how much higher it will go given how much capacity is already secured via block space agreements (BSAs).

The overall rise was led again by higher rates out of China both to Europe and to the US. The index of outbound routes from Hong Kong (BAI30) gained +1.6% WoW, putting it up +7.0% YoY. Outbound Shanghai (BAI80) rose +3.6% WoW with gains on most major lanes taking its gain to +12.6% YoY. There were also further gains on lanes from India both to Europe and to the US, though rates from Vietnam and from Bangkok – as well as from Seoul – were all slightly down WoW.

Rates out of Europe were also mixed, and falling overall on lanes to the US, China and Japan. However, the index of outbound routes from Frankfurt (BAI20) rebounded a little from recent falls with a gain of +3.5% WoW led by higher rates to North America, though still languishing at -14.2% YoY. Outbound London (BAI40) by contrast slipped -1.6% WoW after recent gains, though was still in positive territory YoY by +2.9%.

From North America, the index of outbound routes from Chicago (BAI50) was also lower by -4.2% WoW, dragged down by falling rates to South East Asia, to leave it at -12.6% YoY. However, overall rates from North America were rising again both to Europe and to China – and although lower to South America were also rising again on the big lanes from Miami to the south.