Air Cargo Rates Hold 40% Above Last Year as Gulf Freighter Capacity Stays Squeezed

Summary

The Freightos Air Index is running roughly 40% above year-earlier levels as Middle East carriers curtail operations amid the Iran conflict, keeping Gulf freighter capacity tight and pushing forwarders to pass through emergency fuel surcharges from August. DHL Global Forwarding lifted second-quarter air volumes 7% to 473,000 tonnes and ocean volumes 7.5% to 856,000 TEU.