Global air freight spot rates reached USD 2.86 per kilogram in March 2026, surpassing 2025 peak-season levels and marking the highest point since December 2024. The timing is significant: Expeditors International (EXPD, NYSE) reports Q1 2026 earnings on May 5, and the current analyst consensus was set before the dual-chokepoint disruption fully materialized. The consensus expects Q1 revenue down 2.4% year-over-year and EPS down 10.2% from the prior year. The search data tells a different story.
What the Air Cargo Signal Shows
Google Search interest in "air cargo" reached 80 out of 100 in early