Global tonnages and average rates stabilised
Based on over 400,000 transactions per week collected by World ACD Market Data, figures for week 11 show a clear stabilisation in both worldwide tonnages as well as the global average rate, compared with the previous week and following several weeks of relative stability since mid-February.
Worldwide rates are currently 32% below their levels this time last year, despite the effects of higher fuel surcharges, but they remain significantly above pre-Covid levels.
Comparing weeks 10 and 11 with the preceding two weeks, overall tonnages are flat versus their combined total in weeks 8 and 9, accompanied by a +2% increase in capacity, whereas average worldwide rates slightly declined by -1%. They have continued to show a negative trend on a 2Wo2W basis from all regions except Asia Pacific (+1%). (ah)