December gave reason for cheer for the global air cargo business with a worldwide year-on-year (YoY) weight change of only -3.7%, still below December 2019, but the first weight change percentage in single digits since February, says a WorldACD report.
In other words: a return to normalcy? Yes and no, as rates per kg continued to show the stunning growth level that made 2020 such an extraordinary year. They increased by more than 80%, from $1.80 to $3.27, the highest YoY rate increase since May, it said.
For the first time since March, there were origin regions showing YoY volume growth, modest though they were: Asia Pacific +0.2% and North America +2.1%. The first indications for January showed a considerable drop in rates: the weekly yields started to drop by mid-December, and by mid-January they had fallen by almost 10%.
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