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  • Writer's pictureTeam CargoTalk

Cargo rates volumes bounce back after New Year: WorldACD

With the close of the first month of the year, global air cargo tonnages havce bounced back in the second week of 2024 following slowdown in the second half of December and early January, as per the latest figures of WorldACD Market Data. The increase includes double-digit percentage rise in demand to Europe from APAC Pacific and from Middle East & South Asia that may reflect modal shift to air due to disruptions to shipping in the Red Sea, it stated.  Preliminary figures for week 2 (January 8-14) indicate global air cargo tonnages rose 24 per cent compared with the previous week, based on 400,000 weekly transactions covered by WorldACD’s data, after falling by 30 per cent in the second half of last month and by 3 per cent in week I. Combined tonnages for weeks I and II this year were down 7 per cent globally against the preceding two weeks (2Wo2W), and average yields declined 3 per cent and capacity down 3 per cent – familiar patterns for this time of year, as per the data.

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