Transpacific airfreight rates take off in October

Airfreight rates on the transpacific trade lane increased rapidly during October as the air cargo industry headed towards its traditional fourth-quarter peak season.

Figures from data provider TAC Index show that average airfreight rates – a combination of spot and contract – on services from Hong Kong started October at $7.16 per kg but ended the month at $8.17 per kg.

Compared with last year, rates on the trade ended the month 38.7% up on last year’s levels.

Meanwhile, for the month as a whole, airfreight rates from Hong Kong to North America averaged $7.64 per kg, up 34% on the year-ago level and ahead of the $7.02 per kg recorded in September.

This story was originally published by Air Cargo News. Read the full story at Air Cargo News →