Peak Season Air Cargo Tonnages Up 3% on Last Year

Peak Season Air Cargo Tonnages Up 3% on Last Year

November tonnage up +5% year on year

Worldwide air cargo demand has rebounded significantly above last year’s levels, driven by strong export volumes from China.

Preliminary tonnages for c (YoY), and up +1% on the previous month, taking combined tonnages for the peak period October and November around +3% higher than last year, according to the latest figures from WorldACD Market Data.

Although demand slipped slightly in the first full week of December compared with the previous week, and overall worldwide prices levelled off.

Air cargo rates ex-Asia Pacific on the big head-haul lanes to North America and Europe remain significantly above their levels two or three weeks ago, thanks to a surge in demand ex-China.

Worldwide average rates are currently -18% below their levels this time last year, at an average of US$2.63 per kilo in week 49, although they remain significantly above pre-Covid levels (+47% compared to December 2019).

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Transport and Logistics ME