Air cargo spot rates have risen to their highest level this year, despite the recent Golden Week holiday in China.
Tonnages fell by 7% week on week out of Asia Pacific, in the week to 6 October, WorldACD said. But worldwide spot rates went up +1% in the week to $2.84 per kg – their highest level this year.
Asia Pacific rates rose 1%, while Africa was up 2% and Central and South America up 5%. WorldACD noted that contract rates out of Asia Pacific rose 2%.
One current hotspot is Vietnam – and it has not gone unnoticed by carriers.
A spokesperson for Qatar Airways Cargo told The Loadstar: “We certainly have seen a big demand for ecommerce from Asia and recently implemented increased capacity into markets including India, China and Vietnam… We see big potential in China, India and Vietnam due to the rising ecommerce boom.”
Lufthansa Cargo also cited Vietnam in its winter schedule, with a new flight connecting Frankfurt, Ho Chi Minh and Los Angeles with a 777F on a weekly rotation.
https://theloadstar.com/air-cargo-spot-rates-hit-2024-peak-while-vietnam-becomes-a-hotspot/