Global air cargo spot rates rose to new 2024 highs in the first few days of October despite a dip in worldwide tonnages linked to national holidays in China and disruptions to air traffic in the Middle East caused by the increased tensions in the region.
According to the latest weekly figures and analysis from WorldACD Market Data, average worldwide spot rates edged by a further +1%, week on week (WoW), in week 40 (30 September to 6 October) to US$2.84 per kilo – their highest level this year – thanks to increases from Asia Pacific (+1%), Africa (+2%) and Central & South America (CSA, +5%) origins. And a +2% WoW increase in contract rates from Asia Pacific also helped drive a +2% WoW increase in the worldwide full-market average of spot and contract rates to US$2.65 per kilo.
