Air cargo tonnages from China to Europe have rebounded to pre-Golden Week levels, with a notable recovery in Asia Pacific to USA tonnages, increasing by 4% week-on-week, driven by a 10% rise from China. However, year-on-year tonnages from China to the USA are down by 18%, influenced by stricter Customs regulations. Spot rates from Asia Pacific and China to the USA have risen significantly compared to last year. Meanwhile, tonnages from Hong Kong to Europe have surged, suggesting increased e-commerce activity and hinting at a potential air cargo peak season as Q4 approaches.

Source: https://www.stattimes.com/air-cargo/china-to-europe-us-tonnages-recover-after-golden-week-holiday-1353566