SAL Logistics Services, the national leader in cargo handling, logistics solutions, and supply chain management in Saudi Arabia, has signed a strategic partnership agreement with TAM Group to strengthen air cargo operations between China and the Kingdom.
Global air cargo spot rates have continued to surge going into the second half of October, reaching $3.8 per kg, as ongoing tensions in the Middle East continued to constrain regional capacity and elevated fuel costs added to pressure on the market ahead of the peak fourth-quarter shipping season, according to WorldACD Market Data.
Worldwide air cargo tonnages dropped 3% during the October 6 to 12 period over the previous week, mainly due to holidays in China, Taiwan and S. Korea. On the pricing side, a noticeable change was that China air cargo spot rates to the US fell for a second week by 7%.
Global air cargo demand for 2025, measured in cargo tonne-kilometers (CTK), increased 3.4% compared to 2024, an IATA report said.
Worldwide total air cargo revenues surged by 3% in 2025 to their highest level since the exceptional Covid pandemic years of 2021 and 2022, thanks largely to a further significant year-on-year rise in chargeable weight to a new record full-year level, according to the latest figures from WorldACD Market Data.
