In the last week of July, global volume experienced a -2% decline compared to the previous week, while month-on-month tonnages rose by +8%, leading to a year-on-year growth of +6%. The Asia Pacific region led in volume growth at +9%, with other regions also reporting increases, though momentum slowed towards month-end. Global pricing remained stable, showing a -2% year-on-year decline, with significant variations by region. Notably, traffic from Asia Pacific to the USA fell -6% week-on-week, and while North America saw slight increases in traffic to Europe and Central & South America, European carriers recorded minor rate declines overall.

Source: https://www.stattimes.com/air-cargo/july-shows-rebound-in-tonnages-while-rates-remain-under-pressure-1356145