The International Air Transport Association reported Wednesday that international air cargo volumes in August grew 8.6 % compared to pre-pandemic levels, continuing a yearlong upward trend and bolstering the market narrative that demand is growing even faster in September because of the holiday shipping rush.
Counting domestic transport, the pace of growth tapered to 7.7% from 8.8% (revised) in July but remained ahead of the long-term average of 4.7% growth.
Growth likely would have been higher with retailers and manufacturers trying to keep up with customer orders amid widespread slowdowns in ocean shipping, but airfreight capacity deteriorated in August.
