Global air cargo volumes decreased by one percent week-on-week during week 36, while average airfreight rates maintained stability at $3.00 per kilogram. This slight decline in traffic was primarily influenced by ongoing hostilities in the Middle East and national holidays observed across Asia.
For freight forwarders and shippers, the stability in rates offers some predictability in a volatile market. However, the potential for rising oil prices to translate into higher fuel surcharges presents a significant concern. Such surcharges could increase overall airfreight costs, affecting budgeting and profitability for time-sensitive or high-value cargo. Forwarders should monitor fuel price trends closely and communicate potential cost adjustments to clients. Capacity might also see minor fluctuations due to regional disruptions, but no widespread impact is currently indicated.
