• – Shipping lines have been avoiding the Red Sea due to missile attacks, boosting air cargo volumes as businesses shift Asia exports by air to avoid sea freight delays. Preliminary data backed earlier reports of increased air freight as ocean shipping prices skyrocketed over 282% from China to Europe since December. Air cargo demand […]

• – Global air cargo tonnages saw 5% growth in December 2023 and Q4 2023 compared to the same periods in 2022 but were down 5% for the full year. Preliminary figures for week 52 (December 25-31) show a 25% drop in tonnages from the previous week and stable average rates. Regionally, declines of over […]