14 Mar
The air cargo industry has stabilized following the fluctuations caused by the Lunar New Year (LNY) holiday and tariff uncertainties. According to WorldACD, demand and rates have remained steady, with a slight increase compared to last year. In the week ending March 9, global air cargo demand was flat week-on-week but rose 2% year-on-year. The average worldwide rate stood at $2.33 per kg, up from $2.31 the previous week and $2.23 last year.
Chargeable weight from Asia Pacific origins rebounded by 5% week-on-week, nearly returning to mid-January levels. However, this was offset by declines in Central & South America (-9%), Europe (-3%), North America (-2%), the Middle East & South Asia (-1%), and Africa (-1%). Spot rates for week 10 remained stable at $2.55 per kg, 8% higher than last year. Asia Pacific spot rates dropped 1% week-on-week but were up 11% year-on-year.
Spot rates from China and Hong Kong to the US stayed at $3.78 per kg, while tonnage from Asia Pacific to Europe rebounded 4% compared to the previous week, driven by increases in key markets like China, Hong Kong, Japan, and Thailand. Although they dropped 3% week-on-week, week 10 spot rates from Asia Pacific to Europe still stood 20% above last year’s level at $3.91 per kg.
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source: aircargonews.net
