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Market update

Freight Market Update: May 11, 2026

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Shared by Elizabeth • May 11, 2026

AIR FREIGHT

AIR FREIGHT: FROM +19% TO -37% MIDDLE EAST DRIVES SHARP REVERSAL IN GLOBAL AIR CARGO DEMAND

  • Global air cargo growth slowed in early 2026 as the Middle East conflict triggered a 3 percent decline in volumes from March, with the region seeing a sharp 37 percent drop, according to WorldACD Market Data.
  • Figures based on year-on-year changes in chargeable weight show that worldwide tonnage increased by 8 percent in January and February, before declining by 3 percent from March to mid-April. This resulted in overall growth of 3 percent for the period from January to mid-April.
  • The Middle East recorded the most significant shift. After a 19 percent increase in the first two months of the year, volumes dropped sharply by 37 percent following the start of the conflict in March.

Worldwide tonnage dropped -3% YoY since the start of the war in the Middle East, ranging from -37% from the Middle East to +6% from Central & South America

Source: Air Cargo Week

AIRFREIGHT RATES – BALTIC EXCHANGE AIRFREIGHT INDEX

Source: Air Cargo News

Baltic Exchange Airfreight Index (BAI) powered by TAC Data

Rates are based on spot and contract prices provided by freight forwarders


OCEAN FREIGHT​

OCEAN FREIGHT RATE MOVEMENT (MARKET AVERAGE) IN THE PAST 3 MONTHS

Source: Xeneta

OTHER LOGISTICS NEWS YOU MIGHT BE INTERESTED IN:

Trade Lane Shifts Reshape Air Flows (Read)

Source: JOC

Breakbulk26: Data center, electricity demand buoy project cargo industry (Read)

Source: JOC

ITS Logistics April Supply Chain Report: Hormuz Crisis Strains Freight Markets Heading into Q2 (Read)

Source: Yahoo Finance

The Largest Ports are Failing Shippers (Read)

Source: Sea Intelligence

Iran allows 15 ships through Strait of Hormuz (Read)

Source: .Seatrade Maritime News

OCEAN FREIGHT: March 2026 Global Schedule Reliability Joint-Highest for the Year

  • Sea-Intelligence has published issue 176 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including March 2026. As the 120-page report is quite comprehensive and covers schedule reliability across 34 different trade lanes and 60+ carriers, this press release will only cover highlights from the full report.
  • In March 2026, global industry schedule reliability increased by 3.9 percentage points M/M to 62.2%, making this the joint-highest figure for 2026. On a Y/Y level, schedule reliability was higher by 5.2 percentage points. With improving schedule reliability, the average delay for LATE vessel arrivals also improved, decreasing M/M by -0.14 days to 5.48 days. Despite this, on a Y/Y level, the March 2026 figure was 0.36 days higher...

Global Schedule Reliability

Source: Sea Intelligence

$12.5 billion 'down payment' brings air traffic control out of 1990s.
Now, more money is needed for new software and AI

  • Washington – The Department of Transportation is eliminating antiquated paper strips, copper communications wiring and computer floppy discs, but it says more money is needed to keep upgrading the decades-old air traffic control system and integrate new technologies like artificial intelligence and software to streamline US flights. At a news conference at the DOT headquarters on Tuesday, the agency showed the progress it has made in almost a year since it announced plans to build a new air traffic control system.
  • Congress allocated $12.5 billion in President Donald Trump’s spending bill – which the administration calls a “down payment” – but there’s still more to be done, said Transportation Secretary Sean Duffy.
  • “We are going to need more money for the software side of this build,” Duffy told a room full of reporters and officials. “(Congress is) going to have to find a pathway to get us the rest of that money. It’s going to take us time to develop it, deploy it, debug it, train on it.”
  • The decades-old system has been under scrutiny by lawmakers, aviation officials and the public after a series of crashes and other high-profile incidents, spotlighting the stress controllers are under....

Source: CNN US

OTHER INNOVATION NEWS YOU MIGHT BE INTERESTED IN:

Tech layoffs top 73,000 in 2026 as AI drives cuts at Meta, Oracle, others (Read)

Source: MSN

China's DeepSeek releases long-awaited new AI model (Read)

Source: Money Control

AI impact: Are companies using AI to grow—or just to cut? (Read)

Source: Logistics Business

AI optimises logistics solutions (Read)

Source: Real Economy News

Amazon pushes AI use and closely tracks adoption, even as some employees push back (Read)

Source: Business Insider