July closed out with a -2% drop in global volume in week 31 (28 July to 3 August) compared to the previous week, continuing a pattern of marginal change from week to week that kept total chargeable weight relatively steady through the month. However, month-on-month growth in tonnages jumped +8%, returning volumes to a year-on-year (YoY) expansion of +6% in July, which is more in line with the YoY growth seen between March and May, after a slowdown to +1% in June. Global pricing barely moved in July, as the YoY volume growth was only slightly higher than the capacity expansion (+5%).
For more details, please refer to the WorldACD weekly report
