Rates hold firm while tonnages weaken – Asian Aviation

Average worldwide air cargo volume slipped -1% in the first full week of August, compared with the previous week, while rates continued to hold steady. With the latest decline, global tonnages have dropped since the start of July by -3%, while the average overall rate remained stable at US$2.50.

According to the latest figures from WorldACD Market Data, average global spot rates rose by a further +3% in the first full week of August compared with the start of July, to US$2.71 a kilo, which is up +22% year on year (YoY), while contract rates in the same period remained flat at US$2.40. The full-market average of spot rates and contract rates of US$2.50 is up +46% compared with the last pre-Covid equivalent period, August 2019.

https://asianaviation.com/worldacd-rates-hold-firm-while-tonnages-weaken-slightly/

Rates hold firm while tonnages weaken – Asian Aviation

Average worldwide air cargo volume slipped -1% in the first full week of August, compared with the previous week, while rates continued to hold steady. With the latest decline, global tonnages have dropped since the start of July by -3%, while the average overall rate remained stable at US$2.50.

According to the latest figures from WorldACD Market Data, average global spot rates rose by a further +3% in the first full week of August compared with the start of July, to US$2.71 a kilo, which is up +22% year on year (YoY), while contract rates in the same period remained flat at US$2.40. The full-market average of spot rates and contract rates of US$2.50 is up +46% compared with the last pre-Covid equivalent period, August 2019.

https://asianaviation.com/worldacd-rates-hold-firm-while-tonnages-weaken-slightly/

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