As of December 16, air freight rates have risen slightly, with the global Baltic Air Freight Index up 0.8% week-over-week and 0.5% year-over-year, indicating a strong peak season despite increased capacity. Outbound routes from Hong Kong saw a 1% increase week-over-week but remain down 4% year-over-year, while Shanghai’s rates fell 1% week-over-week yet are up 0.7% year-over-year. Rates from Europe generally increased, particularly from Frankfurt and London Heathrow, while Chicago’s outbound routes dropped 2% week-over-week, reflecting a 14.1% decrease year-over-year.

Source: https://www.stattimes.com/air-cargo/air-cargo-rates-edge-up-in-strong-peak-season-tac-index-1354025