Air cargo demand dips, as expected, but rates show more resilience

Global airfreight volumes are falling as the market approaches its traditional end-of-summer lull, but rates are proving more resilient as capacity contracts and fuel costs rise. WorldACD data for 10-16 August show global chargeable weight fell 5% week on week, following a 2% decline the previous week. Yet average worldwide pricing was virtually unchanged, at $2. 97/kg, compared with $2. 96/kg in week 32.