Why the Sudden Increase in Air Freight Traffic?
2018 air freight rates did not decline in typical fashion following the industry wide peak season last December. As a matter of fact, rates are still hearty in terms of rising trend lines according to data in Drewry’s East-West Airfreight Price Index. Beginning of the year declines are normal, however, this year shows a 3% air freight rate increase that progressed well into March. Early February displayed the year-to-year rates up over 14%, seemingly derived from an increase