Air Freight Rate Tracker: Q3 2024

August 30, 2024

As the demand and supply environment tightens, download Ti’s Q3 2024 Air Freight Rate Tracker to understand market dynamics & future rate expectations.

Q3 2024 Air Freight Rate Tracker – Key Data:

Month on month, global headhaul air freight rates increased 1%, while backhaul rates rose 2.81%.
Compared to Q2, headhaul rates dropped 5.3% in Q3 24, whereas backhaul rates increased more sharply by 13.5%.
Global air freight volumes increased 6.7% in Q2 2024.
Demand growth has exceeded supply growth by an average 1.7% each month in 2024, resulting in a tightening demand and supply environment.
The boom in tourism has returned airline fleets to a high level of utilisation and thus belly freight supply is approaching a maximum.

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Ti’s Freight & Logistics Trackers

Tracking key metrics for air, sea, road and warehousing to map expectations for freight rates, costs, volume and capacity changes.

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