Early August has seen something of a boost for airfreight rates, with volumes also on the up. But in this air cargo round-up let us pause for a moment as ATSG announces declining second-quarter profits and revenues.

Starting with the upward trends, WorldACD’s week 31 figures showed strong demand – driven by e-commerce and ceaseless supply chain disruptions – had led to a year-on-year bump of 12% for both rates and volumes.

Digging a little deeper, rates for African exports fell 5% year on year, but the index noted the “other main global origin regions [were] holding firm or increasing slightly”, with Middle East/South Asia and Asia Pacific export rates up 56% and 22%, respectively.

In weeks 30 and 31, gains over the previous two-week period were non-existent, the index pointing to a 1% decline for rates and volumes – although they were still up 9% and 12%, respectively, on 2023.

Furthermore, WorldACD noted that, despite continuing civil logistical and political unrest – including the ouster of its prime minister –  “air cargo tonnages from Bangladesh bounced back in week 31”.

https://theloadstar.com/air-cargo-rates-still-on-a-high-but-atsg-reports-a-quarter-to-forget/