All Airfreight Rates Articles – Page 12
-
NewsChina-Europe air cargo rates expected to rise despite unexpected dip
Airfreight rates on services from China to Europe are expected to pick up during the summer and beat last year’s levels during the fourth-quarter peak.The first airfreight rate forward curve from derivatives broker Freight Investor Services (FIS) shows that for August the sector is making paper deals with an average ...
-
News
Transpacific airfreight rates drop off in December
Airfreight rates on the transpacific trade lane took a tumble at the end of the year as reports suggest the China-US trade war began to affect air cargo.The latest figures from Tac Index show that in November the average price of services from Hong Kong to North America in December ...
-
News
Transpacific airfreight rates breach $5 per kg mark in November
Airfreight rates continued to steadily rise in November as the peak season rolled in, with prices on the transpacific trade lane breaching the $5 per kg mark.The latest numbers from the Tac Index show that prices on services from Hong Kong to North America reached an average of $5.37 per ...
-
News
Airfreight rates reach high for the year in October
Airfreight rates reached their highest level of the year in October and are expected to climb further as the peak season gets underway.The latest figures from consultant Drewry in its Sea & Air Shipper Insight report show that average rates on 57 key trades reached $3.02 per kg in October ...
-
News
Expeditors warns of airfreight rate volatility as profits hit new highs
US freight forwarder Expeditors has warned of increasing volatility in airfreight rates as it reports record profits for the third quarter of the year.The company saw third-quarter revenues increase by 16% year on year to $2.1bn, while earnings before interest and tax were up 9.4% on a year earlier to ...
-
News
Airfreight rates on key trades reach new highs for 2018
Airfreight rates on the transpacific and Asia-Europe lanes continue to improve in October despite capacity growth outstripping demand improvements.Figures from TAC Index show that prices on services from Hong Kong to North America reached an average of $4.80 per kg in October, the highest level of the year so far ...
-
News
Drewry: east-west airfreight rates on the up
Drewry’s east-west airfreight price index for September 2018 stood at 95.4, an increase compared to August (when it reached 87.6) as well as a year-on-year climb (from 88.5).The average rate expressed in US dollars/kg rose by 9% from the previous month, gaining 24 cents to reach $2.81 per kg in ...
-
News
Airfreight capacity outstrips demand for sixth month in a row
Airline freight capacity growth continues to outstrip demand, according to the final Q2 2018 financial data released by IATA.“Available freight tonne kilometres (AFTKs) grew by 4.5% year-on-year in August, up from 3.9% in July and faster than the corresponding annual demand growth rate for the sixth month in a row.”The ...
-
News
Rates on the up in August but growth narrows
Airfreight rates continued to track ahead of last year’s levels in August, although the difference compared with a year ago has continued to narrow as the year has progressed.The latest figures from analyst Drewry’s Sea and Air Shipper Insight report show that all-in rates on major east-west services averaged at ...
-
NewsTranspacific rates breach $4 per kg mark as industry heads towards peak
Airfreight rates continued to track ahead of 2017 levels in September as the industry prepares for what is expected to be a busy peak season.The latest figures from Tac Index show that airfreight rates on services from Hong Kong to North America increased 14% year on year to reach $4.31 ...
-
News
China-Europe rates soften following new Uni-top freighter service launch
Rates on the China-Europe trade have shown signs of softening this week following the launch of Uni-Top’s new freighter service.In its weekly market wrap-up, derivatives broker Freight Investor Services (FIS) pointed out that rates on services from Asia to Europe had weakened over the last week.According to Tac Index data, ...
-
News
Forwarders brace for a busy peak season and capacity constraints
Freight forwarders are expecting another busy peak season with airfreight supply chains coming under strain, despite demand growth weakening.Panalpina global head of air freight Lucas Kuehner told Air Cargo News that the market is seeing lower year-on-year growth on the Asia-Europe and transpacific trade lanes, but added 2017 was an ...
-
News
Drewry: Rates on the rise in July
The latest East-West Airfreight Price Index from market intelligence provider Drewry indicates a year-on-year rise in the average airfreight rate for July, from $2.49/kg to $2.55/kg.The figure is calculated using a combination of the base rate, the fuel surcharge and the security surcharge, but excluding door delivery costs.However, according to ...
-
NewsAirfreight rates on major lanes reach their highest level of the year in August
Airfreight rates on Asia-Europe and transpacific services reached their highest level of the year so far in August, while forwarders have started warning of peak season capacity constraints.The latest figures from TAC Index show that prices on services from Hong Kong to North America increased by 23.4% year on year ...
-
NewsEast-West airfreight rates fell 3% in May, says Drewry
Airfreight rates fell 3% between May and June 2018, with Drewry’s East-West Airfreight Price Index dropping to $2.63 per kg.However, said Drewry, the rate remains some 7% higher than June last year, adding: "The ramifications of the trade war between the US and China, as well as tariffs on the ...
-
News
FIS publishes first airfreight futures forward curve
Freight Investor Services (FIS), which specialises in shipping derivatives, has published the first airfreight forward price curve, "beginning a new era of risk management in this $70bn freight market".FIS has spent 12 months working with index provider TAC Index to develop a "robust methodology" for the airfreight market which accounts ...
-
News
Transpac airfreight rates hit a 2018 high as NCA lays up its fleet and ahead of tariffs
Airfreight rates on the transpacific trade lane reached their highest point of the year so far as Nippon Cargo Airlines (NCA) has had to lay up all 11 of its freighters and the US and China prepare to introduce trade tariffs on a range of products.The latest figures from Tac ...
-
News
March airfreight prices up on 2017 levels
Average airfreight rates in March are down on February’s levels but continue to track ahead of last year’s figure for the month.The latest airfreight price index from consultant Drewry’s Air and Shipper Insight report show that average all-in buy rates paid by forwarders to airlines on 28 east-west routes reached ...
-
News
TAC Index to offer free data access to qualified parties
TAC Index has launched a new promotion to industry qualified parties granting full free access to TAC Index's rate data until September 30 of this year.TAC Index managing director Peyton Burnett said: “We would like to make this data more widely available and are pleased to offer this data to ...
-
NewsAirfreight rates flatten off in March but remain ahead of 2017 levels
Airfreight rates flattened off in March compared with a month earlier, although major routes out of Asia continue to track ahead of last year’s levels.The latest figures from TAC Index show that airfreight rates on service from Hong Kong to North America in March increased by 26.3% compared with the ...