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Air Freight Price Recovery Accelerates in July

(Will Waters – Lloyd’s Loading List)

Global average air freight prices recorded a second consecutive monthly increase in July, with rates up 2.9%, year on year, according to industry analyst WorldACD.

With volumes growing by 6%, year on year, WorldACD recorded total year-over-year revenue growth (USD) of almost 9% in July among more than 50 airlines in the WorldACD database and their transactions with over 15,000 forwarders.

The yield increase in July follows a slight increase recorded in June of 0.9%, year on year, their first monthly increase in US dollar terms for two and a half years. This followed a price drop of just 0.2% in May, meaning that “the US$-yield remained stable for the third month in a row, another phenomenon not seen for quite a while”, WorldACD observed. Read more here.