Air Cargo Rates Surge 12% in July, Bangladesh Tonnages Rebound – Apace Digital Cargo

Global air cargo rates saw a significant year-on-year increase of 12%, fueled by strong demand from sectors like e-commerce and ongoing supply chain disruptions across various regions, according to WorldACD Market Data. The average worldwide rate reached $2.50 per kilogram, marking a 2% rise compared to June and a 44% increase compared to July 2019, the last pre-COVID equivalent period. Rates have been steadily climbing, from around $2.30 per kilogram in the first quarter to $2.45 in the second quarter, with further slight growth in July.

One of the key contributors to this increase was the Asia Pacific to U.S. lane, where spot rates averaged around $5.80 per kilogram in July, a sharp rise from the already high levels seen in June. This represents a nearly 70% increase compared to July 2023.

https://apacedigitalcargo.com/air-cargo-rates-surge-12-in-july-bangladesh-tonnages-rebound/

Air Cargo Rates Surge 12% in July, Bangladesh Tonnages Rebound – Apace Digital Cargo

Global air cargo rates saw a significant year-on-year increase of 12%, fueled by strong demand from sectors like e-commerce and ongoing supply chain disruptions across various regions, according to WorldACD Market Data. The average worldwide rate reached $2.50 per kilogram, marking a 2% rise compared to June and a 44% increase compared to July 2019, the last pre-COVID equivalent period. Rates have been steadily climbing, from around $2.30 per kilogram in the first quarter to $2.45 in the second quarter, with further slight growth in July.

One of the key contributors to this increase was the Asia Pacific to U.S. lane, where spot rates averaged around $5.80 per kilogram in July, a sharp rise from the already high levels seen in June. This represents a nearly 70% increase compared to July 2023.

https://apacedigitalcargo.com/air-cargo-rates-surge-12-in-july-bangladesh-tonnages-rebound/

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