Normally, the fourth quarter is a peak season for air cargo. So, essentially flat growth in November is a big disappointment. While our outlook is for 3.7 percent demand growth in 2019, downside risks are mounting. Trade tensions are cause for great concern. We need governments to focus on enabling growth through trade, not barricading their borders through punitive tariffs.
IATA Director General and CEO Alexandre de Juniac
Spot container rates from Shanghai to the U.S. West Coast stood at $1,895 per FEU as of Jan. 11, while rates from Shanghai to the U.S. East Coast totaled $3,040 per FEU, down 2 percent and 2.5 percent, respectively, from a week prior, according to the Shanghai Containerized Freight Index.