Posted on May 27, 2024
Market updates

May Market Update: Key Trends in Ocean & Air Freight 

Air-Ocean-Freight-Market-Insight_May-2024

Explore the latest supply chain insights with the May Market Update from House of Shipping. 

At House of Shipping, we offer more than just data. Our expert analysis delivers actionable insights, helping you navigate the dynamic market landscape with confidence. 

Key Highlights: 

  • Dynamic load factor dropped from 62% in March to 59% in April. 
  • The average airfreight spot rate rose to USD 2.59 per kg, the highest level so far this year. 
  • The Red Sea crisis, combined with adverse weather conditions, has resulted in port congestion in Asia. 
  • Seaborne container volumes are expected to grow by 4.1% in 2024. 

May Market Update: Key Trends in Ocean & Air Freight 

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