Air freight rates declined further in June.

Air freight rates decreased in June, with a 4% year-over-year drop to $2.50 per kilogram, as demand fell short of capacity for the first time in 19 months. Rates from Southeast Asia to North America decreased by 11%, while those from Northeast Asia rose by 8%. Experts warn that lower rates may not benefit shippers due to weakening consumer confidence and potential tariff impacts. The industry anticipates a challenging second half of the year, leading to a shift towards shorter contracts as shippers adjust to uncertainty and rising costs.