CLIVE for ACN: Rates from North East Asia to Europe are elevated, deviating from global average trend
In the second week of September, air cargo rates from North East Asia to Europe remain elevated. Outbound Japan and Hong Kong rates had the largest increase compared to the same period last year. This is in contrast with the trend of global average cargo rate, which shows a slight downward trend compared to last year. It points to a still-heated outbound Far East market as the cargo peak season looms under economic headwinds.