Global air cargo rates, tonnage stabilises in Nov

Worldwide average air cargo prices have continued their gradual post-summer rise into the first full week of November while global tonnages have stabilised slightly above their level this time last year, according to the latest figures from WorldACD Market Data. “Halfway through the market’s traditionally buoyant fourth-quarter (Q4) period, there are no signs of any strong peak in demand with demand patterns so far broadly mirroring last year’s disappointing Q4.” After overall worldwide tonnages dropped by around four percent from the end of October into the first few days of November, preliminary figures for week 45 (November 6-12) show stable tonnages compared with the previous week and a two percent increase in global average rates, based on the more than 400,000 weekly transactions covered by WorldACD’s data.