Air cargo tonnages and rates both declining
Global air cargo flown tonnages and prices continued their gradual decline in the first two weeks of August after volumes staged a brief and partial recovery in the second half of July, as the latest figures published by World ACD Market Data show.
Looking at week 32 (August 8-14), worldwide chargeable weight dropped -5% compared with the previous week, and the average worldwide rate decreased slightly.
Comparing the last two weeks with the preceding two weeks (2Wo2W), average worldwide rates declined -1%, while chargeable weight fell -5%, at a capacity increase of +1%. That further small slip in average prices continues a trend of week-on-week small declines that has seen rates drop more than -4% since the last week of June and by -10% since the end of May. (cj)