Everyone wants to know what are the new Air Freight Rates now? Air Freight Rates always fluctuate, but since the outbreak of COVID-19 things have changed dramatically. Due to lockdown airlines were stopped from operating, which has affected the movement of both passengers as well as cargo. Cargo movement was also very badly affected, due to this crisis in a very big way. Cargo movement was allowed with no passengers and baggage on it. The entire freight load was directly applied on cargo services; this has increased the Air Freight rates 5 times if we compare with the pre lockdown period.

These high freight rates have directly affected the industry at large, because suddenly it became unviable for the exporter/importer to use air freight services.

Even after 1 year of Covid-19 and easing of lockdown rules, air freight rates haven’t seen a major reduction in freight rates. Due to the high rates people are not willing to use Air cargo services even on an urgent basis.

• Only 1% of global freight traffic in terms of weightage is moved through Airlines because of the cost factor involved. As a result only high value & time bound cargoes are moved through Air freight services.

• Transporting the goods by road/rail can be 5 times cheaper & by Sea can be 15 times cheaper than Airfreight; but still there is huge demand for Air Cargo services primarily because of the time factor involved. 

• Certain cargoes like live animals, perishables, temperature controlled cargo, live saving medicines etc prefer airfreight due to the nature of the goods involved. And as a result even with such high freight rates, it still amounts to huge tonnage in terms of volumes for IATA agents and Freight Forwarding companies. 

To check out the best alternative or reasonable air freight rates contact our expert team @ 9820805336.