1. Global air cargo rates are standing firm during a traditionally quieter market period, bolstered by continuing strong demand and high spot rates from Asian and Middle Eastern origins, WorldACD Market Data show. 2. Both tonnages and rates are well above last year's levels, thanks to significantly higher demand from all the main worldwide origin regions.

With China fighting a COVID resurgence, waiting container ships at several ports there like Qingdao are rising, putting further pressure on a strained global supply chain.