Global air freight rates edge up 0.2% as jet fuel costs hit 76.5% above last year

Summary

TAC Index data show the Baltic Air Freight Index gained 0.2% in the seven days to 17 August, leaving global rates 19.2% higher year on year, with China outbound rates up again to both the US and Europe. IATA's Jet Fuel Monitor put average jet fuel up 8.2% in the week to 14 August, 76.5% above a year earlier. Frankfurt's outbound index fell 3.6% and London Heathrow 8.5%, while Chicago gained 3.0%.