News / Air cargo spot rates hit 2024 peak, while Vietnam becomes a hotspot

Aircraft fly into Ho Chi Minh © Huy Thoai |

Air cargo spot rates have risen to their highest level this year, despite the recent Golden Week holiday in China.

Tonnages fell by 7% week on week out of Asia Pacific, in the week to 6 October, WorldACD said. But worldwide spot rates went up +1% in the week to $2.84 per kg – their highest level this year.

Asia Pacific rates rose 1%, while Africa was up 2% and Central and South America up 5%. WorldACD noted that contract rates out ...