Global air cargo peak season tonnage up 3% on last year

Global air cargo demand has seen a significant recovery from last year’s levels. Combined tonnages for the peak period of October and November are around 3% higher than last year, according to figures released by WorldACD Market Data. Preliminary tonnages for November are up 5% year on year and up 1% on the previous month. The report showed that demand slightly dropped in the first full week of December when compared to the previous week, and overall worldwide prices levelled off. China’s strong export figures largely drove air cargo rates for Asia Pacific exports on the big head-haul export lanes