The air cargo market is currently subdued, but both volumes and spot rates are rising, according to the TAC Index.

Last week saw reduced volatility in global air freight, with the TAC Index reporting the Baltic Air Freight Index unchanged as of March 10, up 6.2% year-on-year. Recent trends indicate rising volumes and spot rates, possibly due to shippers preparing for anticipated tariffs or a market adjustment post-disruption. Rates from China showed mixed results; increases to the U.S. contrasted with slight decreases to Europe. In Europe, rates to the U.S. and Japan fell, while outbound routes from Chicago in the Americas saw a rise of 1.1% week-on-week, with overall rates from the U.S. increasing for various destinations.