Cargo Breaking News
According to WorldACD Market Data, “Global air cargo volumes saw a notable recovery in mid-May, with a 6 per cent week-on-week (WoW) increase in tonnages during week 20 (12–18 May), largely driven by a resurgence from Asia Pacific. This rebound follows a recent softening of US-China trade tensions and the end of holiday disruptions in Japan and South Korea.”
According to the data, the majority of the global tonnage gain came from China, Hong Kong, Japan and South Korea. Japan recorded a sharp 60% WoW increase and South Korea rose by 21%, both bouncing back from public holidays. Meanwhile, volumes from China and Hong Kong rose by 8% WoW, spurred by an interim US-China agreement that reversed or delayed new tariffs and softened restrictions on low-value imports. As a result, shipments from China and Hong Kong to the US surged 19% WoW, returning to levels seen before the recent slump caused by tariff hikes.
