Latest news with #WorldACD
Zawya
3 days ago
- Business
- Zawya
Global air cargo tonnages rebound +4% in May, says report
Worldwide air cargo tonnages rebounded in May with a +4% month-on-month (MoM) increase, according to the latest weekly figures and analysis from WorldACD Market Data, after falling -7%, MoM, in April following significant US tariff rises and Easter and other holidays. The year-on-year growth for May also stood at +4%, it stated. According to WorldACD Market Data, May proved to be another highly volatile month for air cargo. Alongside a number of significant national holidays in May, the ending on May 2 of 'de minimis' import tariff and reporting exemptions for low-value goods from China to the US, in addition to steep rises in US tariffs on China-origin goods, led to a slump in transpacific traffic in late April that continued in the first half of May. But the interim agreement on May 12 between the US and China – which included cancelling some tariffs altogether, suspending others for 90 days, and a partial softening of the de minimis changes – stimulated a strong rebound in traffic from China and Hong Kong to the US in the second half of May, taking tonnages on that market back up to their levels in early April, it stated. All of the world's main air cargo origin regions, with the exception of Central & South America (CSA), recorded MoM increases in flown chargeable weight, broadly reversing their MoM losses recorded in April. Compared with last year, worldwide tonnages in May were also +4% higher, led by year-on-year increases in volumes from Asia Pacific (+7%), Europe (+4%) and CSA (+3%), with small YoY growth from Africa (+2%) and North America (+1%), while traffic from Middle East & South Asia (MESA) was flat compared with its elevated levels in May 2024. On the pricing side, average rates in May – based on a full-market average of spot rates and contract rates – were lower on both a MoM (-4%) and YoY (-3%) basis. That is the first full month since April 2024 in which average worldwide rates have been lower than last year, based on the more than 2 million monthly transactions covered by WorldACD's data. That MoM and YoY fall in average pricing was recorded for all the main origin regions except Africa, with the biggest YoY drop coming from MESA origins, where average rates were -14% below their elevated levels last May, it stated. The WorldACD Market Data stated that looking specifically at the end of May, worldwide flown chargeable weight in week 22 (May 26 to June 1) was down -8% compared with the previous week, negatively impacted by national public holidays including 'Ascension Day' (May 29) in various countries and 'Memorial Day' in the US (May 26). The biggest WoW declines were from North America (-13%) and Europe (-11%). Compared with last year, tonnages in week 22 were stable, with YoY increases from Asia Pacific (+4%) origins balanced out by YoY declines from Europe (-5%), North America (-3%), and MESA (-3%) origins, it added. On the pricing side, full-market average worldwide rates rose +3%, WoW, to $2.44 per kilo, led by a +3% rise from Asia Pacific, although average rates were -1% lower than the equivalent week last year, worldwide and from Asia Pacific. Average spot rates from Asia Pacific origins rose +4%, WoW, to $3.68, taking them +4% higher YoY, and lifting average worldwide spot prices +2% higher, YoY to $2.61 per kilo. Much worldwide attention has obviously been on the highly volatile China to US market, where spot rates in week 22 edged up slightly higher (+1%, WoW) to $4.49 per kilo after gaining +15% the previous week. That's slightly (+6%) above their average level so far this year of $4.24 per kilo, but it remains below their level this time last year (-13%, YoY). Hong Kong to US spot rates strengthened for a second consecutive week, gaining a further +9%, WoW, to $4.76 per kilo. That's also slightly (+3%) above their average level so far this year of $4.60 per kilo and just -4% below last year's level in week 22. On the demand side, combined volumes from China and Hong Kong to the US dropped slightly (-3%, WoW) in week 22, and are still -8% lower than the equivalent week last year, it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
17-05-2025
- Business
- Trade Arabia
Global air cargo demand down on 'de minimis' exemption end
Worldwide chargeable weight declined -1% in week 19 (May 5-11) compared to the previous week, marking a string of contractions since the first week of April that was only interrupted by stable volumes in week 17. The comparison of the last two weeks with the previous two weeks (2Wo2W) shows a worldwide tonnage decline of -3%, with Europe and North America being the only origin regions to see traffic growth of +2% and +3% respectively, partly related to post-Easter recovery for those origins. The end of US 'de minimis' exemption of China origin imports worth less than $800 effective May 2 reinforced the global downward trend in airfreight demand, showing a marked weakening of tonnage moving from China to the US. As a result of weakening demand, the global average rate retreated for a fourth week in a row, dropping from $2.46 in week 15 to $2.34, a -2% decline from week 18. On a 2Wo2W comparison the global average rate was down also -2%, based on over 500,000 weekly transactions covered by WorldACD's data. This was -3% lower than in week 19 of 2024, showing an increasing gap in year-on-year comparisons. North America and Europe, up +3% and 1% week on week respectively, were the only origin regions to show increases in pricing.- TradeArabia News Service
Trade Arabia
04-05-2025
- Business
- Trade Arabia
Worldwide air cargo tonnages up 6% in April
Preliminary air cargo figures for April indicate that worldwide tonnages for the month were up by +6%, year on year (YoY), driven by a +10% YoY increase from Asia Pacific origins, as US importers adjust to big changes in China-US trade rules. According to the latest figures from WorldACD market data, chargeable weight in April was up, YoY, from all of the main world origin regions – with the exception of Middle East & South Asia (MESA), where tonnages were flat. Alongside +10% YoY growth from Asia Pacific origins, there were increases of +7% from Central & South America (CSA), +5% from North America, +3% from Africa, and +2% from Europe. The YoY weight increase of +6% in April follows an increase of +4% in March, and +2% increase for Q1 2025. This makes for a tonnage increase in the first four months of 2025 of +3% compared with the same period in 2024. Compared with March, tonnages in April were down from all the main regions except CSA, which achieved a +16% month-on-month (MoM) rise. Meanwhile, there were MoM declines from Europe (-10%), MESA (-12%), North America (-7%), and Asia Pacific (-5%). Overall worldwide rates in April of $2.43 per kilo, based upon a full-market average of spot rates and contract rates, were stable compared with the previous month and the previous year. Significant YoY variations included a +7% increase from Africa origins and a -14% drop from MESA, from where rates last year were inflated because of the Red Sea shipping disruptions. Amid the current uncertainty of global markets, and the lead-up to the end of 'de minimis' exemptions from May 2 for US imports from China, worldwide tonnages in the final full week of April (week 17, 21 to 27 April) held firm, buoyed by a +19% WoW increase from CSA due to the annual surge in Mother's Day flower shipments. Other highlights included a +4% WoW (and YoY) increase in MESA origin shipments, and a +3% WoW increase from Asia Pacific, taking tonnages from that key region +6% higher than in April 2024. But average rates from Asia Pacific in week 17 edged downwards by a further -1%, WoW, taking them slightly below (-1%) their level this time last year, based on the more than 500,000 weekly transactions covered by WorldACD's data. China to USA volatility Spot rates from Asia Pacific saw a small further decline (-2%, WoW) in week 17 to $3.67 per kilo, but they remain up +3% on week 17 last year. After four consecutive weeks of WoW tonnage declines from China and Hong Kong to the USA, and from Asia-Pacific as a whole to the US, tonnages increased slightly in week 17 (+1% WoW for China and Hong Kong, and +3% WoW for Asia-Pacific). But compared with this time last year, tonnages from China and Hong Kong to the USA were -15% lower in week 17. - TradeArabia News Service
Zawya
21-04-2025
- Business
- Zawya
Post-Eid recovery masks downward pressure on air cargo demand
Global tonnage improved +3% in the April 7 to April 13 period after the previous week's drop of -7% as markets that had closed for the Eid-Al Fitr holiday came back on stream, but comparison with last year's developments for this holiday indicates that this constituted less than half of the decline in week 14, which suggests that demand has been further afflicted by uncertainty about the trade conflict triggered by the US government, according to WorldACD. After the Eid holiday volumes rebounded in double-digit percentages week on week (WoW) out of Africa (+13%) and Middle East & South Asia (MESA, +12%), while tonnage increased +4% out of Asia Pacific and +3% out of Central and South America, whereas Europe and North America origins registered declines of -1% and -2% respectively, it stated. The comparison of the last two weeks with the previous two weeks shows a worldwide decline of -6% in chargeable weight, down from a -4% 2Wo2W slip in week 14. However, year on year (YoY) global tonnage was at +9%, based on the last two weeks, up from a +7% in our previous report, but this positive trend is caused by the Eid festival that took place in week 15 last year, it stated. According to WorldACD, the upward momentum in worldwide pricing seen in recent weeks hit a wall, retreating from $2.50 in week 14 to $2.48 (-1%), which slowed the 2Wo2W momentum from +3% last week to +2%. The uncertainty over trade conditions has caused companies to postpone investment and sourcing decisions until there is more clarity, and in some cases to cancel orders. This has dented demand, while capacity increased +1% on a 2Wo2W basis. Compared to a year ago pricing in week 15 was still slightly up (+2%), based on the more than 500,000 weekly transactions covered by WorldACD's data. North America was the only origin region that registered increased pricing week on week, up +4%. Rates were flat out of Europe and Central & South America, and fell by -2% from Asia Pacific, -3% from Africa and -4% from MESA. The -2% WoW rate decline out of Asia Pacific was largely the result of the post-Eid recovery of traffic within the region and to MESA, that have lower-than-average rates, also driving down the global average rate. Pricing from Asia Pacific to North America rose +6% on a 2Wo2W basis, while tonnage on the sector sank -5%, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
19-04-2025
- Business
- Trade Arabia
Post-Eid recovery masks downward pressure on air cargo demand
Global tonnage improved +3% in the April 7 to April 13 period after the previous week's drop of -7% as markets that had closed for the Eid-Al Fitr holiday came back on stream, but comparison with last year's developments for this holiday indicates that this constituted less than half of the decline in week 14, which suggests that demand has been further afflicted by uncertainty about the trade conflict triggered by the US government, according to WorldACD. After the Eid holiday volumes rebounded in double-digit percentages week on week (WoW) out of Africa (+13%) and Middle East & South Asia (MESA, +12%), while tonnage increased +4% out of Asia Pacific and +3% out of Central and South America, whereas Europe and North America origins registered declines of -1% and -2% respectively, it stated. The comparison of the last two weeks with the previous two weeks shows a worldwide decline of -6% in chargeable weight, down from a -4% 2Wo2W slip in week 14. However, year on year (YoY) global tonnage was at +9%, based on the last two weeks, up from a +7% in our previous report, but this positive trend is caused by the Eid festival that took place in week 15 last year, it stated. According to WorldACD, the upward momentum in worldwide pricing seen in recent weeks hit a wall, retreating from $2.50 in week 14 to $2.48 (-1%), which slowed the 2Wo2W momentum from +3% last week to +2%. The uncertainty over trade conditions has caused companies to postpone investment and sourcing decisions until there is more clarity, and in some cases to cancel orders. This has dented demand, while capacity increased +1% on a 2Wo2W basis. Compared to a year ago pricing in week 15 was still slightly up (+2%), based on the more than 500,000 weekly transactions covered by WorldACD's data. North America was the only origin region that registered increased pricing week on week, up +4%. Rates were flat out of Europe and Central & South America, and fell by -2% from Asia Pacific, -3% from Africa and -4% from MESA.
