Air cargo rates are rising from most of the main global regions, especially from Asia Pacific and from Middle East & South Asia (MESA), strengthened by the ongoing disruptions to container shipping and elevated demand for cross-border e-commerce shipments.
According to the latest weekly figures and analysis from WorldACD Market Data, the average global rate rose by around +3% in week 12 (18-24 March) to $2.45, which is within 10% of its elevated level this time last year. Although global tonnages in week 12 were slightly down (-2%) compared with the previous week, tonnages for the last two weeks (weeks 11 and 12), combined, are up +1% compared with the previous two weeks (a 2Wo2W comparison), and average rates are up by +6%, 2Wo2W, with capacity up by +2%.
