Labour Day contributes to decreases in shipping volumes from the Asia Pacific region, according to WorldACD.

Air cargo tonnages from Asia Pacific, particularly China and Hong Kong to the U.S., experienced a significant decline ahead of upcoming de minimis rule changes. The latest WorldACD Market Data report noted a 3% worldwide drop in air cargo for week 18, with Asia Pacific seeing an 11% decrease. Average rates remained stable at $2.40 per kilo, but spot rates varied, with China-U.S. rates dropping to $3.85 per kilo. The changes in de minimis rules are already affecting the market, as shown by the stark contrast in tonnage declines to the U.S. compared to Europe.