Credit Maersk Air Cargo

Resurgent demand for global airfreight continued in July,with rate rises across the board and putting “all eyes on late August”, in anticipation of a significant peak season.

Citing average spots of $2.66 per kg, Xeneta said rates had surged 20% year on year last month, amid a 13% bounce in volumes, which it and sources The Loadstar spoke with in the past week put down to “buoyant e-commerce [and the] comparatively low demand base [of July 2023]”.

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