airfreight prices confirm demand bump

The TAC airfreight index climbed 9% week-over-week as retailers pulled forward holiday inventory, confirming the rebound flagged earlier in global airfreight index rebounds amid e-commerce.

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Express rates spiked on Asia-Europe lanes, forcing spot charters and dragging down available belly capacity for passenger routes.

The spike underscores the macro linkage to inflation and demand signals highlighted in inflation hits 9.1 percent and fed bank lending survey shows tightening.
It also ties back to container repricing stories like container rates collapse as demand evaporates where demand wobbles quickly.

Airfreight is the first clean indicator of holiday demand. When it jumps, I dial up inventories cautiously rather than betting on a soft landing.

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tags
- #logistics
- #2023
- #market-news
related
- [[global airfreight index rebounds amid e-commerce]]
- [[inflation hits 9.1 percent]]
- [[container rates collapse as demand evaporates]]

If airfreight keeps rising will corporations lock in long-term charters before rates spike further?