Xeneta forecasts a 4% to 6% increase in global air cargo demand for 2025, surpassing available capacity. However, potential higher tariffs, geopolitical tensions, and a sluggish manufacturing outlook could lead to market volatility. The report notes that December marked 14 months of double-digit demand growth, with a year-over-year increase of 11% in cargo volume. Despite this, rates between China and the U.S. declined, influenced by scrutiny and capacity allocation. Shippers are now favoring longer-term contracts as market dynamics shift, while the potential for further ocean freight disruptions may drive increased reliance on air cargo.

Source: https://www.supplychaindive.com/news/december-air-cargo-volumes-xeneta/737596/