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Drewry air cargo index upticks 0.3pc, bringing cheer to unhappy sector
Drewry's East-West Airfreight Price Index rose by 0.3 points in March to a reading of 79.5, bringing much needed cheer to the sector.
The increase came after four consecutive months of falling prices, during which period the index fell by over 20 points from an October peak.
But the March figure still represented the index's second lowest level since it was launched in May 2012.
Drewry said that it expects air freight prices to "temporarily strengthen from its current lows as European and North American retailers rebuild inventories for the new Spring season".
The increase came after four consecutive months of falling prices, during which period the index fell by over 20 points from an October peak.
But the March figure still represented the index's second lowest level since it was launched in May 2012.
Drewry said that it expects air freight prices to "temporarily strengthen from its current lows as European and North American retailers rebuild inventories for the new Spring season".
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