World ACD: global air cargo tonnages stabilising
Preliminary figures provided by World ACD for week 43 (23 to 29 October) show a +1% increase in global average rates and a -1% decrease in tonnages.
The slight decrease in last month's last full week follows the same pattern as the previous year, characterised by a mid-month recovery in tonnages following a sharp drop during the first full week of October (-5% in 2023; -8% in 2022) and corresponding with China’s Golden Week holiday break. It is the smallest full-month year-on-year drop so far this year, narrowing from a year-on-year decline of -10% in the first quarter, -6% in the second and -3% in the third.
Comparing weeks 42 and 43 this year with the preceding two weeks, overall tonnages and worldwide rates jumped +3%, while capacity increased by +1% versus the combined total in weeks 40 and 41. (ah)