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  • Writer's pictureTeam CargoTalk

Global air cargo rates rise by 4% in early March: TAC Index

According to the latest results of the TAC Index, global air cargo rates continued to rise. The overall Baltic Air Freight Index calculated by TAC gained 4.1 per cent in the week to March 18, the third successive weekly increase, reducing the decline over 12 months to 20.3 percent.

Rates are rising strongly again out of China with the index of outbound routes from Hong Kong up a further 5.2 percent WoW with gains on almost all major lanes cutting its YoY decline to only 7.9 percent, the update added.

“With sources among forwarders suggesting renewed robust demand for Chinese exports, outbound Shanghai gained 8.9 per cent WoW—strong gains both to Europe and the USA—eroding the YoY decline to 7.6 per cent,” as per the TAC Index.


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