THE WorldACD Market Data determined that the average worldwide USD yield/rate in the first quarter of 2022 was 29 per cent higher compared with the same quarter a year earlier, reports Massachusetts Logistics Management.
During that quarter, the year-on-year yield/rate changes were up 37 per cent, 23 per cent, and 28 per cent.
The last two weeks of April showed an increase in capacity of one per cent compared with the preceding two weeks.
Air freight rates remained elevated despite airlines adding capacity on summer passenger schedules.
The conflict in Ukraine, China's lockdown, and rising inflation contributed to the fall in demand.
Volumes in April were down five per cent compared to the same month of 2019 before the Covid crisis began.
CLIVE reports that the 141 per cent rise seen in March 2022 versus the 2019 level increased further in April 2022 to 145 per cent. It was 26 per cent above the average for April of last year.
'The rationale behind lower load factors and higher rates is the bottleneck on the ground, which appears to be caused now by not only the shortages of people handling cargo at airports around the world and the severe lack of truck drivers to move the goods but also by a wider shortage of people for lower-paid logistics jobs,' said CLIVE founder Niall van de Wouw.
WorldACD shows a worldwide year-over-year weight change of down three per cent for March 2022 compared with March 2021.
The Americas did the best in March 2022 and the first quarter of 2022.
In the last two weeks of April, rates have increased from North America to Asia Pacific ten per cent, and Central & South America to North America by six per cent.
'This was caused by a big jump in North Atlantic passenger capacity as airlines stepped up their summer schedules,' said Mr van de Wouw.
'During the last week of March, capacity increased by 15 per cent compared to the previous week.'
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During that quarter, the year-on-year yield/rate changes were up 37 per cent, 23 per cent, and 28 per cent.
The last two weeks of April showed an increase in capacity of one per cent compared with the preceding two weeks.
Air freight rates remained elevated despite airlines adding capacity on summer passenger schedules.
The conflict in Ukraine, China's lockdown, and rising inflation contributed to the fall in demand.
Volumes in April were down five per cent compared to the same month of 2019 before the Covid crisis began.
CLIVE reports that the 141 per cent rise seen in March 2022 versus the 2019 level increased further in April 2022 to 145 per cent. It was 26 per cent above the average for April of last year.
'The rationale behind lower load factors and higher rates is the bottleneck on the ground, which appears to be caused now by not only the shortages of people handling cargo at airports around the world and the severe lack of truck drivers to move the goods but also by a wider shortage of people for lower-paid logistics jobs,' said CLIVE founder Niall van de Wouw.
WorldACD shows a worldwide year-over-year weight change of down three per cent for March 2022 compared with March 2021.
The Americas did the best in March 2022 and the first quarter of 2022.
In the last two weeks of April, rates have increased from North America to Asia Pacific ten per cent, and Central & South America to North America by six per cent.
'This was caused by a big jump in North Atlantic passenger capacity as airlines stepped up their summer schedules,' said Mr van de Wouw.
'During the last week of March, capacity increased by 15 per cent compared to the previous week.'
SeaNews Turkey
