In the latest volatile week for global markets, air freight rates showed a slight decline, with the Baltic Air Freight Index down 1.4% as of April 14, though still up 3.2% year-on-year. Spot rates are falling, raising concerns for May despite some tariff hikes being paused by the Trump administration. Rates from China remained stable overall, with minor fluctuations to Europe and the U.S. European rates were firmer to the U.S. and China, while outbound routes from the Americas saw a rise to China, contributing to a 18.2% year-on-year increase from Chicago.

Source: https://www.stattimes.com/air-cargo/global-air-cargo-rates-trend-lower-tac-index-1355010