Dhaka, May 13 -- Global airfreight rate increases have largely eased as the market adjusts to a new operating environment, though rates out of the United States continue to climb and year-on-year figures remain striking, according to price reporting agency TAC Index.

The global Baltic Air Freight Index (BAI00), calculated by TAC, edged up 0.4% in the week ending May 11. TAC noted the market is seemingly adjusting since the US and Israeli attacks on Iran at the end of February.

Despite the weekly slowdown, the BAI00 stood around 35.8% above year-ago levels, still well exceeding the highest points of recent peak seasons.

In Asia, spot rates out of Hong Kong and India both declined slightly over the week. On transpacific lanes, rates from...