Air cargo spot rates surge 30% in April

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Dive Brief:

Global air cargo spot rates spiked 30% year over year in April to $3.34 per kilogram — the highest level since October 2022, according to a May 1 Xeneta report.

Spot rates from Southeast Asia to North America were up 33% YoY to $6.46 per kilogram. Rates from Northeast Asia to North America reached $5.54 per kilogram for the week ending April 26, Xeneta reported.

Spot rates for the month also included a more than 18% increase in long-term rates, or rates valid for over one month, per Xeneta.

Air cargo spot rates surge 30% in April

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