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.
Worsening Containership Market Keeps the Pressure on Air Cargo
The recent deterioration in the ocean shipping market could be pushing more cargo to airfreight following the impact of the Red Sea crisis.
Airfreight Rates Bounce Back to 50% Above Pre-COVID Levels
Preliminary figures for week 50 (December 11 to 17) indicate that global tonnages and average worldwide rates were stable compared with the previous week, after recovering more quickly than last year from the seasonal post-Thanksgiving dip last month, based on the more than 400,000 weekly transactions covered by WorldACD’s data.
