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Carriers have already been announcing additional blanked sailings in the weeks after the Golden Week holiday, suggesting that demand is expected to decrease in the weeks that would typically be in the Asia to Europe peak season.
The latest Drewry World Container Index is now 85% below its 2021 peak and 42% lower than the 10- year average, indicating a return to more normal prices. However, it remains 10% higher than average 2019 (pre-pandemic) rates.
August was a quiet month for Air freight and we see no meaningful signals of any kind of peak, but there could be a slight uptick in demand and volumes as we approach the Chinese Golden Week in October.
Road freight has been hit hard by the effects of the economic slowdown, nevertheless, it is important to note that road freight prices in Europe remain on average 12-15% higher than before the pandemic, reflecting a structural increase in hauliers’ costs
See our latest reports, reviews and insights across road, sea and air modes.
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