(Will Waters – Lloyd’s Loading List)
Average global air freight prices have seen their first monthly increase for two and a half years, rising by 0.9% in June in US dollar terms, according to air cargo market data specialist WorldACD, although they are still around 10% below their levels in the first half of 2011.
Tonnage figures for June maintained this year’s average for the first six months with 4.8% volume growth, year over year (YoY). But for the first time in 30 months, revenue growth outpaced volume increases among the more than 50 airlines and their transactions with over 15,000 forwarders in WorldACD’s database. Read more here.