Rates stabilize in June. According to the Drewry East-West Air Freight Price Index, rates recovered 2.3 points in June to 101.6 (based on a value of 100 in May 2012). The uptick only partly offset a decline in May, but still left the index 7.3 points higher than it was 12 months previously. Drewry said it expects some weakening in overall pricing over the coming months, as more seasonal bellyhold capacity from rising passenger demand enters the market. The index is a weighted average of all-in air freight "buy rates" paid by forwarders to airlines for standard deferred airport-to-airporl air freight services on 21 major East-West routes for shipments above 1,000 kg.
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