In the last week of November, global tonnages remained stable while average rates rose by 2% to $2.79, the highest in 2024, primarily due to increased spot rates from North America and Europe. North America’s spot rates surged by 12% to $2.04, and Europe’s by 8% to $2.90. Year-on-year, global rates increased by 10%, with spot rates up by 22%. Notably, North America’s chargeable weight grew by 22% YoY, attributed to the Thanksgiving holiday timing. Capacity is shifting from the Transatlantic to Asia Pacific, anticipating a rise in e-commerce shipments.

Source: https://www.stattimes.com/air-cargo/tonnages-hold-firm-while-rates-continue-to-build-in-peak-season-1353830