GLOBAL air cargo rates and volumes have continued to decline in recent weeks, reports the American Journal of Transportation.
Recently, worldwide chargeable weight increased one per cent compared with the week before, and the average worldwide rate decreased slightly.
Average worldwide rates decreased two per cent and chargeable weight fell six per cent, while overall capacity remained stable compared to the previous two weeks.
Chargeable weight from the Middle East dropped 19 per cent and South Asia to Europe and Asia Pacific dropped 17 per cent.
Overall outbound chargeable weight from Asia Pacific dropped by five per cent. Outbound chargeable weight from North America appears to have stabilised, although it remains down eight per cent compared to the previous year.
'This is what we used to call slack season, and it is now back. It just seems apocalyptic because for the first time (in two years), we're seeing a decrease in volumes. But if you look at it compared to previous years prior to the pandemic, trade is still strong, and volumes are still high,' said a senior logistics executive.
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Recently, worldwide chargeable weight increased one per cent compared with the week before, and the average worldwide rate decreased slightly.
Average worldwide rates decreased two per cent and chargeable weight fell six per cent, while overall capacity remained stable compared to the previous two weeks.
Chargeable weight from the Middle East dropped 19 per cent and South Asia to Europe and Asia Pacific dropped 17 per cent.
Overall outbound chargeable weight from Asia Pacific dropped by five per cent. Outbound chargeable weight from North America appears to have stabilised, although it remains down eight per cent compared to the previous year.
'This is what we used to call slack season, and it is now back. It just seems apocalyptic because for the first time (in two years), we're seeing a decrease in volumes. But if you look at it compared to previous years prior to the pandemic, trade is still strong, and volumes are still high,' said a senior logistics executive.
SeaNews Turkey
