Declining air cargo spot rates indicate uncertainty in the market.

Global air cargo spot rates declined for the fourth month in a row in August, falling 3% year-over-year to $2.55 per kilogram, influenced by economic uncertainty and changed trade routes, particularly from China to Europe. Although demand for air freight has risen 5% year-over-year, the overall market remains cautious due to fluctuating conditions. The recent end of the de minimis exemption is expected to further complicate the market, impacting low-value e-commerce shipments and creating challenges for small and medium-sized businesses navigating new compliance requirements.