THE latest weekly figures from WorldACD Market Data reveal that global air cargo demand in the fourth quarter has outpaced tonnages from last year, reports the American Journal of Transportation
THE latest weekly figures from WorldACD Market Data reveal that global air cargo demand in the fourth quarter has outpaced tonnages from last year, reports the American Journal of Transportation. Average rates have also continued their gradual ascent post-summer.
Despite these positive trends, signs of a robust peak season are scarce as the market enters the traditionally robust final quarter.
Demand patterns align closely with last year's lackluster fourth quarter, showing only a moderate increase in overall tonnage.
The improvement observed compared to the previous year is largely attributed to the unusually soft demand levels in the fourth quarter of the preceding year.
Notably, there's a significant difference this year with a rebound in tonnages from the Asia Pacific region, contrasting with the soft volumes recorded in the same period last winter.
However, North America and Europe's tonnages remain lower than the previous year.
In the weekly analysis, it is noted that global tonnages have maintained relative stability since mid-October.
Preliminary figures for week 46 (November 13 to 19) indicate consistent tonnages compared to the previous week and a three per cent increase in global average rates.
When comparing weeks 45 and 46 with the preceding two weeks (2Wo2W), overall tonnages have remained steady, rates increased three per cent, and capacity remained stable.
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