Baltic Exchange summarizes the BAI Index for October 2023.
Onwards and upwards – through peak season and beyondAfter a long and at times dizzying fall from the giddy peaks of the Covid era, it seems that air freight rates may have finally bottomed out – and are now rising into not just a genuine peak season bounce, but perhaps beyond that.
During September, the overall Baltic Air Freight Index (BAI00) gained +11.0% over the four weeks to 2 October, cutting its decline over...