According to the latest report from TAC Index disruption to ocean shipping in the Red Sea has not yet led to any surge in air freight rates. The index provides independent, accurate and actionable global air freight data, allowing customers to make comparative, cost effective and intelligent air freight decisions.
The overall Baltic Air Freight Index slipped 3.1 percent in the week to January 15, leaving it lower over 12 months by 34.1 percent despite a rise in volumes since the Christmas to New Year holiday period. Despite the continuing downward trend overall, there were the first signs of an uptick in rates from China to Europe, post events in the Red Sea, the update added.
“The index of outbound rates from Hong Kong fell 3.5 percent WoW to leave it lower by 16.3 percent YoY but rates from Hong Kong to Europe were close to flat. Outbound rates from Shanghai edged up 0.6 percent WoW, led by rising rates to Europe including a spike on rates to Amsterdam to leave that index at -29.4 percent YoY.”