Air cargo rates are holding firm during what is traditionally a quieter period for the market, boosted by continuing strong demand and high spot rates from Asian and Middle Eastern origins, according to the latest weekly figures and analysis from WorldACD Market Data.
Although total worldwide tonnages in the last full week (week 24, 10-16 June) slipped by -2%, average rates remained more or less stable at US$2.51 a kilo, up +8% compared with the equivalent week last year and significantly above pre-Covid levels (+42% compared to June 2019), based on the more than 450,000 weekly transactions covered by WorldACD’s data. And combining the figures for the last two full weeks (weeks 23 and 24) reveals a +1% rise in both rates and tonnages compared with the previous two weeks (a ‘two-week on two-week’ or ‘2Wo2W’ comparison).
