Asia Pacific export tonnages and rates continue to rise post-Lunar New Year

Asia Pacific saw an 8% increase in export tonnages and rates in week 11 over week 10, marking a sustained lift five weeks on from the Lunar New Year dip in early February. The WorldACD Market Data’s weekly air cargo report attributed the air cargo increases to the attacks on container shipping in the Red Sea as well as a growing demand for cross-border e-commerce shipments. Notably, Asia Pacific to Europe routes saw the most substantial surge in tonnages at 15% and rates at 8%. Meanwhile, the Middle East & South Asia (MESA) region experienced a surge in demand and