Average worldwide air cargo rates and tonnages in July were up by +12%, year on year (YoY), driven by continuing strong demand from sectors such as e-commerce and persistent disruptions to supply chains in various parts of the world.
According to the latest figures from WorldACD Market Data, average global rates rose by a further +2% in July compared with June, to US$2.50 a kilo, based on a full-market average of spot rates and contract rates – a +44% increase compared with the last pre-Covid equivalent period, July 2019. Worldwide rates have risen progressively from an average of around $2.30 in the first quarter, to around $2.45 in the second quarter, edging up slightly further in July to $2.50 a kilo.
