News / Brighter outlook, with air cargo on course for double-digit growth

Airplane plane takes off behind stack of cardboard boxes and stand with red up arrow. concept of air cargo and parcels, airmail. Fast delivery of goods and products. Cargo aircraft. Logistics,

05/06/2024

Air cargo is on a pathway to double-digit growth this year, according to Xenta’s latest analysis, but the US crackdown on Chinese ecommerce has the market hedging its bets.

“Despite conservative, low single-digit industry growth forecasts at the end of last year, expectations have been boosted by six consecutive months of quite extraordinary regional demand for cargo capacity,” Xeneta said.

Global air cargo spot rates in May rose 9% year on year, to $2.58 per kg, the second consecutive month of ...