Global air cargo rates ease in early July but stay 37% above year ago

Summary

WorldACD Market Data showed the global average air cargo rate fell 1% week-on-week to $3.13/kg for the week ending 5 July, with spot rates down 2% to $3.62/kg, as lower fuel costs and post-Independence-Day softness weighed. Rates were still 37% above a year earlier; Hong Kong-Europe volumes dropped 12% after the EU removed the EUR150 de-minimis exemption on 1 July.