Ex-Asia air freight rates surge again this week
Will Waters and Stuart Todd | 2021-04-28 14:06:37.0
Shanghai-LAX spot prices have risen by almost 15% in the week to 26 April having already rebounded to ‘super-peak’ levels even before this latest increase
Ex-Asia air freight spot prices have surged again in the last week above their already “super-peak” levels, with prices from Shanghai to the US west coast rising by almost 15% in the week to 26 April, according to figures from TAC Index.
The latest price spike builds upon rates that have already surged by more than 50% in the past few weeks, rebounding back to and beyond their super-peak level in December to an average of US$8 per kilo. As reported last week, average prices from China and Hong Kong to the US had risen by mid-April by more than half in just four weeks even before this week’s increases.