Airfreight rates out of Asia continue to harden – despite a brief fall around US Independence Day on 4 July.
The first week of July saw worldwide tonnage up 11% year on year, according to data released by WorldACD today. Average worldwide rates of both spot and contract, were $2.57 per kg in week 27, up 2% from the previous week – some 68% higher than the same period of last year.
The figure is higher from Asia. About half of Asia Pacific tonnage to the US originates from China and Hong Kong, which saw average spot rates of $5.34 per kg and $4.84 per kg, respectively.
WorldACD, however, noted that other origins in Asia Pacific were seeing steeper prices: rates out of Vietnam in Week 27 were $6.62 per kg – 147% up on last year; from Thailand, they were $6.46 per kg; and from Singapore, $7.02 per kg.