Xeneta reports that worldwide air cargo volumes increased by 4% in October.

Global air cargo volumes increased by 4% in October year-over-year, surpassing expectations despite early import slowdowns linked to higher tariffs and the US de minimis ban. Analysts caution that the outlook for airlines and freight forwarders remains uncertain, with signs of a cooling market as global spot rates fell for the sixth month in a row. E-commerce remains a strong point, particularly for Asia-Europe routes, while demand for the Transatlantic market dropped by 6%. As competition for market share intensifies, lower freight rates may only benefit shippers if product sales remain stable.