APAC rates keep rising into December – Asian Aviation

Global air cargo average spot rates rose by a further +4% in the first full week of December to a 2024 high of US$3.30 per kilo, driven by a +8% surge from Asia Pacific origins, as the sector’s strong but relatively stable fourth-quarter (Q4) peak season approaches its zenith.

According to the latest figures and analysis by WorldACD Market data, average spot rates from Asia Pacific origins rose to $4.86 per kilo in week 49 (2 to 8 December), thanks to that +8% week-on-week (WoW) increase, taking them +19% above their levels in the same week last year. Spot rates from Africa origins also rose by +12%, WoW, partly in response to a surge in traffic to European markets, based on the more than 450,000 weekly transactions covered by WorldACD’s data. And there was a further +3% increase from Europe origins to $2.93 per kilo, boosted by a +4% WoW increase from Europe origins to North America, taking average rates to $3.97 per kilo on that westbound transatlantic lane.

https://asianaviation.com/worldacdapac-spot-rates-continue-rising-into-december/

APAC rates keep rising into December – Asian Aviation

Global air cargo average spot rates rose by a further +4% in the first full week of December to a 2024 high of US$3.30 per kilo, driven by a +8% surge from Asia Pacific origins, as the sector’s strong but relatively stable fourth-quarter (Q4) peak season approaches its zenith.

According to the latest figures and analysis by WorldACD Market data, average spot rates from Asia Pacific origins rose to $4.86 per kilo in week 49 (2 to 8 December), thanks to that +8% week-on-week (WoW) increase, taking them +19% above their levels in the same week last year. Spot rates from Africa origins also rose by +12%, WoW, partly in response to a surge in traffic to European markets, based on the more than 450,000 weekly transactions covered by WorldACD’s data. And there was a further +3% increase from Europe origins to $2.93 per kilo, boosted by a +4% WoW increase from Europe origins to North America, taking average rates to $3.97 per kilo on that westbound transatlantic lane.

https://asianaviation.com/worldacdapac-spot-rates-continue-rising-into-december/

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