Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update W50
Freightos
DECEMBER 19, 2017
FIGURE 1: LAG ON 2016 RATES BY TRADE LANE (Source: Freightos International Freight Index). This week, transpacific rates slid back as December 1 GRIs lost traction. We expect these, as well as the January 1 GRIs, to be modest and fleeting. By contrast, China-US rates are stuck around 30% behind last year’s rates.”. WOW CHANGE.
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