News / Ex-Asia airfreight rates start to hit peak season levels as capacity tightens

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Air cargo spot rates have hit a new height in the first week of September, as the industry braces for transpacific-heavy demand in Q4.

Average global spot rates went up 6% in week 36, according to WorldACD, 30% higher than a year earlier. Asia-Pacific origin rose 6% week-on-week while the Middle East and south Asia went up 7% ? 41% and 101% higher year-on-year, respectively.

Contract rates also went up 3% week-on week, marking a 16% year-on-year rise – and 51% higher ...