Global airfreight volumes declined in the first full week of August after a mild rally the previous week, with chargeable weight sinking from all origins, said a report. The Middle East was among the weakest-performing markets, along with South Asia, with volumes down 6pc in the first full week of August.
The air cargo spot rates continues to rise sharply amid the highly volatile, unstable and fast-changing situation in the Middle East. As per WorldACD Market Data reports, there has been some recovery in the air cargo markets since the Iran war, with the average spot rates from Gulf countries up 22%.
