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%.
The Kingdom of Saudi Arabia stands to benefit from the ongoing shifts in global supply chains - from fair trade to a managed and rule-driven trade model - as it can play a vital role as a connector economy linking Africa with Europe and Asia, said its economy minister.
