January cargo demand significantly up on last year’s levels, WorldACD reports

Global air cargo demand in January remains ‘significantly up’ compared with a comparable period in 2023, reports WorldACD market Data, with all regions except North America noting tonnages ahead of last year’s figures. Although freight forwarders ‘continue to report anecdotally that certain cargo owners are switching some Asia-Europe cargo from sea to air or sea-air because of longer ocean voyage caused by the disruptions in the Red Sea, World ACD says it is ‘difficult to separate this’ from the anticipated mid-January uptick following the New Year slowdown. Despite the disruption in the Red Sea (and a threefold increase in ocean