Global tonnages and rates further decline

Global air cargo tonnages and rates continued their long-term decline in the first full week of July, with the pace of the fall in chargeable weight picking up again after briefly slowing in June.

Figures for week 27 (3 to 9 July) show a -4% decrease in tonnages compared with the previous week, and average worldwide air cargo prices also fell slightly (-1%), week on week (WoW), based on the more than 400,000 weekly transactions covered by WorldACD