MESA air cargo rates surge throughout May

Air cargo rates from Middle East & South Asia (MESA) have continued to surge throughout May, according to data from World ACD. It noted spot rates from MESA to Europe averaging more than twofold year-on-year (YoY), with tonnages and rates from Asia Pacific well above May 2023. With disruptions to ocean freight services caused by Red Sea attacks on shipping containers, air cargo continues to see a strong demand. Air cargo rates from MESA were up 47% YoY to $2.78 per kilo. Tonnages were 17% up YoY from MESA. In addition, air cargo from MESA to Europe had an average