Soaring air cargo spot rates from Bangladesh and Japan and a surge in tonnages from Dubai have further boosted an already buoyant air cargo market in the first half of September, according to the latest weekly figures and analysis from WorldACD Market Data. Worldwide air cargo tonnages flown increased by +4% in week 37 (9-15 September), week on week (WoW), driven by a +5% increase from Asia Pacific origins, a +6% increase from Central & South America (CSA), and a rebound of +10% from North America origins, linked to Labor Day on 2 September.

Average worldwide rates edged up slightly further to US $2.58 per kilo, based on a full-market average of spot rates and contract rates, with a +1% further increase from Asia Pacific origins partially cancelled out by a -2% drop from Middle East & South Asia (MESA) origins. Nevertheless, average worldwide rates from those two regions are up, year on year (YoY), by +24% and +53%, respectively, helping drive average worldwide prices +14% higher, YoY, and more than +50% above pre-Covid levels (September 2019). That overall worldwide increase comes despite YoY falls in average rates from North America (-8%), Europe (-8%), CSA (-3%) and Africa (-2%).

https://asianaviation.com/worldacd-bangladesh-and-japan-rates-soar/