Global air freight rates recorded a modest increase of 0.2% during the week concluding September 14. Data from the TAC Index indicates that overall air cargo rates are now 20.2% higher compared to the same period last year. This upward trend is occurring as crude oil and jet fuel prices continue to climb.
The TAC Index report suggests that the current global airfreight rates do not yet fully account for the recent surge in fuel costs. This implies that further upward adjustments to airfreight pricing could be anticipated as carriers pass on their increased operational expenses.
For freight forwarders and operations managers, this trend points to potential increases in airfreight costs in the near future. Shippers should prepare for higher rates, especially on routes heavily impacted by fuel surcharges. Capacity may remain stable, but the primary concern will be managing rising transportation budgets.
