Global air cargo tonnages and average rates on the rise for September: WorldACD report

According to WorldACD Market Data, September saw an increase in global air cargo tonnages and average rates, compared to August. Full-month tonnages rose t0 almost 3 per cent and there has been an increase of rates by around 5 per cent at the end of September, compared to the beginning of the month.  The report further stated, “The figures reflect a slight post-summer seasonal strengthening of the market, which appeared to have stabilised in recent months following a year and a half of persistent decline – or adjustment back towards pre-Covid patterns of supply and demand. Preliminary figures for September as a whole indicate that tonnages were down, year on year (YoY), by two percent, the smallest YoY monthly decline this year.”