World air cargo volumes in “steep decline” last week

Global air cargo tonnage fell last month, according to market analysis by WorldACD, which said there was a steep decline over the final week of November linked to the Thanksgiving holiday in the US. The 8% week-on-week slump came at the end of what WorldACD said was “normally a bouyant month” for air freight. Comparing the month to November last year, air cargo tonnages sent from Asia-Pacific and the Middle East were down between 29% and 22% respectively. Prices are down on last year, WorldACD said, but remain above pre-pandemic levels. “Worldwide rates are currently -25% below their levels this