AI and semiconductor shipments lift June air cargo demand 7%, rates +38% YoY

Summary

Xeneta's July report shows global air cargo demand rose 7% year-on-year in June, with spot rates at USD 3.40/kg, up 38% YoY. AI-related hardware and semiconductors offset weaker e-commerce; Northeast Asia–North America rates rose 41% and Southeast Asia–North America 42% versus late February. Dynamic load factor reached 62%.