Air cargo volumes fell in November due to congestion on the ground, according to data by CLIVE Data Services.
Air cargo rates soared in October due to shippers fearing a lack of peak season inventory, according to market data from CLIVE Data Services.
Strong demand for capacity and a shortfall in supply has pushed average global air cargo rates to double pre-Covid levels, according to CLIVE Data Services.
Global airlines managed the traditional ‘slack summer season’ for air cargo space in July by tweaking capacity levels to address flat demand during the month versus pre-Covid levels.