Global air cargo demand increases by 12%: Xeneta

The latest figures from supply chain data firm Xeneta have shown air cargo demand witnessing a double-digit growth in May—12 per cent YoY—for the fifth month in a row. The latest increase meant it was looking more likely the industry could report double-digit percentage demand growth for the full year, Niall van de Wouw, Chief Airfreight Officer, Xeneta, said. Capacity was up 4 per cent year-on-year meaning DLF for the month increased by three percentage points to 58 per cent. Rates at a global level also increased compared with a year ago for the second month in a row—jumping 9 per cent YoY to US$2.58 per kg. The big question is what happens following the USA crackdown on  e-commerce shipments out of China? “By end of 2023, we saw the impact China’s e-commerce behemoths had on the air cargo market. Everyone is now waiting anxiously to see what happens in the upcoming peak season.”