Air cargo rates at an all year high in first week of September

Average air cargo rates rose to a record high this year, during the first full week of September, according to data from WorldACD. The increase was boosted by a surge in tonnages from the Asia-Pacific region to North America and Europe. Average global spot rates increased by 6% to $2.85 a kilo during week 36, an increase of 30% when compared to the same week of 2023. Average worldwide contract rates also saw an increase of a further 3% to $2.48 a kilo – generating a $2.59 per kilo full-market average of spot rates and contract rates – an increase