Air freight rates experienced a slight decline in the week ending November 18, with the global Baltic Air Freight Index dropping by 1.6%, though it remains 1% higher than last year. Spot rates from China increased, particularly on routes to the U.S. East Coast, while outbound rates from Hong Kong rose by 1.9%. Conversely, Shanghai saw a 2.8% drop. Rates from Europe increased to major destinations, but Frankfurt’s index fell by 1.3%. In the Americas, Chicago’s outbound rates decreased by 10%, while trade to South America from Miami continued to rise significantly year-over-year.

Source: https://www.stattimes.com/air-cargo/air-freight-rates-marginally-lower-ahead-of-peak-season-1353754