August 17, 2020 – The air cargo market is building up pricing momentum towards the fourth quarter, putting all-cargo carriers and airlines with cargo-only passenger freighters in a strong position relative to shippers. Freight rates have climbed since early July with the slow return of international passenger capacity combined with consistent growth in cargo shipments as the global economy, notably in China, continues to recover from the coronavirus. Export demand to the U.S. and Canada is very high, as is traffic from Shanghai and Singapore to Europe, according to various reports and our own internal figures. Overall, rates from Asia to North America and Erurope are rising.