Worldwide chargeable weight declined -1% in week 19 (May 5-11) compared to the previous week, marking a string of contractions since the first week of April that was only interrupted by stable volumes in week 17. The comparison of the last two weeks with the previous two weeks (2Wo2W) shows a worldwide tonnage decline of -3%, with Europe and North America being the only origin regions to see traffic growth of +2% and +3% respectively, partly related to post-Easter recovery for those origins.
The end of US ‘de minimis’ exemption of China origin imports worth less than $800 effective May 2 reinforced the global downward trend in airfreight demand, showing a marked weakening of tonnage moving from China to the US.
