Full year 2023 ends at -5%, year on year Global air cargo has yet to see any significant uplift from the recent disruptions to container shipping in the Red Sea, according to the latest figures from WorldACD Market Data, although…
Tonnages in Q4 2023 closing at +3% Year-on-Year With the year 2023 coming to an end, global tonnages and average air cargo rates follow the typical end-of-year slowing down pattern, after weeks of stabilizing global tonnages and steady growth in…
Rates bounce back to +50% above pre-Covid level Global average air cargo rates now stand +50% above their pre-Covid levels this time four years ago following the significant rebound in the last few months in demand and pricing, especially ex-China,…
Peak-season tonnages up 3% on last year Worldwide air cargo demand has rebounded significantly above last year’s levels, driven by strong export volumes from China, with preliminary tonnages for November up +5%, year on year (YoY), and up +1% on…
Rates ex-Asia Pacific continue strong rise Global air cargo tonnages have rebounded more quickly than last year following the annual Thanksgiving holiday in the USA, regaining the 2% lost last week, while prices ex-Asia Pacific continue to rise strongly, particularly…
Thanksgiving tonnage decline less severe than last year Worldwide air cargo demand patterns have continued to broadly follow last year’s seasonal trend into the final full week of November, including a significant dip in outbound tonnages from North America linked…
Q4 demand so far exceeds last year’s levels Global air cargo demand in the fourth quarter (Q4) period so far has been stronger than tonnages in the equivalent period last year, and average rates have continued their gradual post-summer rise,…
Rates continue upward trend while tonnages stabilize Worldwide average air cargo prices have continued their gradual post-summer rise into the first full week of November, while global tonnages have stabilized slightly above their level this time last year, according to…
Rates hold firm despite early November tonnage dip Global average air cargo rates have remained firm and on a slight seasonal upwards trajectory going into the first few days of November, despite a week-on-week drop in tonnages, according to the…
October tonnages track close to last year’s levels Global air cargo tonnages stabilized in October close to their levels this time last year, with preliminary full-month tonnage figures for October down just -1% compared to those in October 2022, having…