Air Cargo Spot Rates Hit 2024 Peak, While Vietnam Becomes a Hotspot

As of Friday last week, air cargo spot rates had risen to their highest level this year, despite the recent Golden Week holiday in China.

Tonnages fell by 7% week on week out of Asia Pacific, in the week to October 6, WorldACD said. But worldwide spot rates went up 1% in the week to $2.84 per kg – their highest level this year.

Asia Pacific rates rose 1%, while Africa was up 2% and Central and South America up 5%. WorldACD noted that contract rates out of Asia Pacific rose 2%.

One current hotspot is Vietnam – and it has not gone unnoticed by carriers.

Read more in an article from The Loadstar.