AIR cargo tonnages from Southeast Asia to the US have rebounded, but this is due to a previous drop in volumes rather than a surge ahead of the August 1 US tariffs deadline.
This is the verdict of the latest WorldACD Market Data report, which found that following big drops in week 28, tonnages from various Southeast Asia origin markets to the US rebounded strongly in week 29 (July 14-20), regaining most or all of the volumes lost the previous week.
Vietnam was up 10 per cent week on week, Malaysia was up 13 per cent, Thailand was up 18 per cent, while Indonesia was up a massive 52 per cent, reports London's Air Cargo News.
The report found that along with a 9 per cent week-week-week (WoW) rebound from Japan origins to the US, the increases more than compensated for a 1 per cent WoW decline in tonnages from China and Hong Kong combined, lifting tonnages from Asia Pacific to the US back into positive territory, up 3 per cent WoW, following a 5 per cent WoW decline in week 28.
But the increase in chargeable weight from Southeast Asia origin to the US in week 29 seems more reflective of a rebound in tonnages from the fall experienced the previous week, rather than a last-minute surge ahead of the August 1 US tariff deadline, noted WorldACD.
Source: