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Forwarders need to compare air freight prices pre China New Year

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Air freight rates have rebounded after severe weather disruption across Europe and the US, but one index is reporting a double-digit drop. China to Europe (at $2.68 per kg) and China to US (at $3.54 per kg) prices have fallen 12.6% and 9.7%, respectively, week on week.

Freight forwarders have no explanation as to why this has happened.

Figures released last week by Freightos show China-US air freight rates at $6-$7 per kg, and the platform warned shippers to book now before a Chinese New Year price increase.