Rates rebound in lead-up to Lunar New Year

Average global air cargo rates have edged back upwards in the final full week before Lunar New Year, with average full-market worldwide prices gaining +4% in week 4 (20 to 26 January) to US$2.52 per kilo, around +11% higher than this time last year, according to the latest figures and analysis by WorldACD Market Data.

Unsurprisingly, rates from Asia Pacific origins led the way with a week-on-week (WoW) increase of +6%, based on the more than 500,000 weekly transactions covered by WorldACD’s data.

The charts in the pdf report contain our latest views on air cargo market developments.

It covers each of the last 5 weeks up to Sunday, January 26, 2025.

Tonnages from Asia Pacific origins regained another +2% in week 4, taking them +6% above their levels this time last year, although they remain around -8% below the peak levels reached in week 49. Average spot rates from Asia Pacific rose by around +3%, WoW, to $3…