Global Air Cargo Rates Rise Despite Declining Volumes in Mid-April
Global air cargo rates increased for the third consecutive week in mid-April, reaching an average of $2.55 per kilogram. This 4% week-on-week rise occurred despite a 4% decline in worldwide cargo volumes. The primary drivers for this trend are strong demand from the Middle East, South Asia, and Asia-Pacific regions, particularly for routes heading to Europe. Factors such as the ongoing Red Sea shipping crisis and a surge in e-commerce are contributing to this unusual market dynamic. A slight decrease in global capacity also helped to support the higher pricing.
Official Source: https://www.stattimes.com/air-cargo/air-cargo-rates-climb-further-as-global-volumes-decline-in-week-15-1358881
Related Aviation News:
- Fuel shock, Middle East turmoil push global freight rates higher
- Global air cargo volumes fall but rates continue to climb, latest data show
- Middle East conflict could test airfreight demand
- Air Cargo Rates Climb to US$3.18 as Middle East Crisis Holds Grip
- Early Lunar New Year flatters to deceive as global air cargo volumes rise +7% in January, but China's e-commerce exports down for first time since 2022