Air freight rates experience a slight increase: TAC Index

Global air freight rates saw a slight increase last week, with the Baltic Air Freight Index rising by 0.4%, yet still down 5.9% year-on-year. Expectations for a rate increase after a U.S.-China tariff suspension faded due to the end of the de minimis exemption for small parcels. Rates from China to Europe and the U.S. dropped, while outbound routes from Hong Kong fell 2.4% week-on-week and 11.6% year-on-year. Rates from Vietnam decreased slightly, but those from India increased. Rates from Europe to China rose, while those to Japan and the U.S. declined. North American rates were mixed.