JULY marked the sixth consecutive month of global average air cargo spot rates increases, reaching US$2.66 per kg, a 20 per cent increase year on year, according to Xeneta, reported Mumbai's Stat Trade Times.
july volumes rose 13 per cent year on year, thanks to buoyant e-commerce demand from Asia as well as the comparatively low demand base in the corresponding month in 2023.
In contrast, global air cargo supply grew at a much slower pace of two per cent year-on-year this July.
Demand growth alongside only a modest increase in capacity supply produced an expected boost to the global dynamic load factor.
It exceeded last year's level by five percentage points, reaching 59 per cent in July. Dynamic load factor is Xeneta's measurement of capacity utilisation based on volume and weight of cargo flown alongside available capacity.
With the peak summer holiday season starting in July, global air cargo demand slowed month-to-month. This was echoed by the ocean container shipping market, where container spaces in recent weeks became easier to book and spot rates on the major headhaul trades from the Far East to Europe and the US either declined or flattened.
SeaNews Turkey
july volumes rose 13 per cent year on year, thanks to buoyant e-commerce demand from Asia as well as the comparatively low demand base in the corresponding month in 2023.
In contrast, global air cargo supply grew at a much slower pace of two per cent year-on-year this July.
Demand growth alongside only a modest increase in capacity supply produced an expected boost to the global dynamic load factor.
It exceeded last year's level by five percentage points, reaching 59 per cent in July. Dynamic load factor is Xeneta's measurement of capacity utilisation based on volume and weight of cargo flown alongside available capacity.
With the peak summer holiday season starting in July, global air cargo demand slowed month-to-month. This was echoed by the ocean container shipping market, where container spaces in recent weeks became easier to book and spot rates on the major headhaul trades from the Far East to Europe and the US either declined or flattened.
SeaNews Turkey
