Global cargo tonnages hold up better than last year: WorldACD

Worldwide air cargo demand patterns have continued to broadly follow last year’s seasonal trend into the final full week of November including a significant dip in outbound tonnages from North America linked to last week’s Thanksgiving celebrations, according to the latest weekly figures from WorldACD Market Data. “Overall global tonnages have held up better than this time last year, and outbound yields from Asia Pacific have continued to rise, week on week (WoW), whereas they were flat or declining in the equivalent period in 2022.” Preliminary figures for week 47 (November 20-26) show a three percent decrease in tonnages and a two percent increase in global average rates compared with the previous week based on more than 400,000 weekly transactions covered by WorldACD’s data. Tonnages have followed a similar pattern as they did this time last year although the week-over-week decrease in week 47 last year was significantly stronger (down eight percent).