All Airfreight Rates Articles – Page 16
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News
Hellmann: How to fight back
There is a lot of talk these days about mode shift from air to seafreight, so it is good to hear a forwarder talking about double digit increases in airfreight volumes.This is the story for Hellmann Worldwide Logistics in Europe, where Jens Tarnowski, chief executive region Europe (air and sea ...
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Dentressangle extends HK consolidations to the UK
Norbert Dentressangle is extending its Hong Kong air cargo consolidations to the UK, following the launch of a similar service to Paris.With cargo space on flights from China and Hong Kong at a premium in the weeks and months leading up to the Chinese New Year, the freight forwarder will ...
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IAG Cargo to offer all-in freight rates
IAG Cargo is joining the all-in freight rates club, following the lead set by Emirates SkyCargo and Qatar Airways.A spokesman for the cargo arm of British Airways and Iberia said that it will remove the fuel surcharge and exceptional handling charges “to offer a simpler pricing structure”.He added that the ...
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Rising space keeps loads factors down
Freight and passenger loads fell in January compared to December, reflecting the fall in volumes and continued growth in international market capacity, said IATA in its latest Airlines Financial Monitor for January-February.Airfreight capacity increased slightly in January, but more moderately than at the end of 2014. Most of the slowdown ...
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WCS: Air cargo industry needs to modernise
Airlines may be transporting goods worth $6.4trn each year, but the air cargo industry is in “desperate need” of modernisation if it is to capitalise on the international e-commerce opportunity, according to Liu Shaoyong, president of China Eastern.In a welcome address representing the host airline for the IATA World Cargo ...
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DP DHL airfreight up 2.4% to 4m tonnes in 2014
Deutsche Post DHL’s global forwarding arm overcame a weak 2014 first half to record a full year 2.4 per cent increase in airfreight volumes to just over 4m tonnes, versus 2013.Announcing full year 2014 results, the Germany-based global post, express, freight and logistics giant said of its air cargo segment: ...
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Virgin Atlantic's "year of resilience"
Virgin Atlantic Cargo reported revenues of £221m for 2014, down 1.8 per cent on prior year, with total network freight volumes virtually unchanged from 2013.The carrier said that the revenues reflected “another year of resilience in a fluctuating global air cargo market that saw yields decline for the third year ...
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IATA: overcapacity on the up, yields declining
IATA has warned that air cargo’s financial performance “remains poor and does not deliver adequate returns for investors”.The airline association’s 2015 first quarter Cargo eChartbook, while seeing continued positive demand for airfreight commodities, states that overcapacity has resulted in lower load factors and placed downward pressure on yields.Lower jet fuel ...
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Gunning warns of continued excess cargo capacity
IAG Cargo boss Steve Gunning has warned that excess global air cargo capacity is likely to remain for the “foreseeable future”, with lower oil prices discouraging “capacity discipline” as older freighters continue to fly.Gunning said that excess capacity was a key driver for IAG Cargo’s decision last year to end ...
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January's air cargo volumes up 3.2 per cent
Worldwide January air cargo volumes were up 3.2 per cent year-over-year (YoY), according to data from Netherlands-based consultancy World ACD.It observed that the modest increase was “not too bad given the fact that January 2014 was already part of the recovery that started in autumn 2013”.World ACD, which sources data ...
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ACS sees $25m charter boom due to US west coast strike
Air Charter Service (ACS) reports that its North American and Asian offices booked over $25m of charter flights during the US west coast container ports strike.Some 29 US seaports – handling 70 per cent of US trade with Asia - were hit by the industrial action, requiring a freighter airlift ...
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DB dismisses claims for damages against three carriers
German railway Deutsche Bahn has dismissed a claim for damages against three airlines in its billion dollar lawsuit relating to an air cargo cartel between 1999 and 2006.In a statement, Deutsche Bahn confirmed that its logistics subsidiary, Schenker AG, “has dismissed its claims against Nippon Cargo, SAS and Cargolux in ...
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Airfreight price index sees April rise
DREWRY'S east-west air freight price index rose 1.5 points in April to 104.3, the second consecutive month of pricing gains and the highest index level since the end of 2013.The index, compiled by Drewry Sea & Air Shipper Insight, represents a weighted average of air freight rates across 21 east-west ...
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Air cargo prices to weaken says Drewry
AIR CARGO pricing is expected to weaken in the coming months, while global airfreight traffic growth will be held back by weaker demand in the intra-Asia region.That is the view of Drewry, the UK-based research house, in its latest briefing on the demand and supply equation for global airfreight and ...
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East-West airfreight prices hit by post-peak lull
East-West airfreight rates fell further in January following December’s retreat as pricing was hit by the post-peak season lull in trade.Drewry’s East-West AirFreight Price Index fell 8.3 points in January to 99.6 points, bringing the index down to its lowest level since May 2014.The index, compiled by the UK-based research ...
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Drewry east-west price index hits peak for year
Drewry’s East-West Air Freight Price Index rose by 11.9 percentage points in October to a year-peak of 115.6 points.The latest increase was the result of "strong peak season demand and tighter capacity conditions," with rates for eastbound transpacific rising particularly fast, indicative that pricing on that route was inflated somewhat ...
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Air cargo rates gain on US port congestion
Air freight rates continued to climb through November on the back of strong peak season demand and conversions from ocean freight as a result of US supply chain bottlenecks.Drewry’s East-West Air Freight Price Index rose a further 5.3 points in November to reach an all-time peak of 120.8 points, exceeding ...
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Volumes to rise but yields droop, says IATA
Airfreight volumes are set to continue the growth seen in recent months, but yields will be weak, says the International Air Transport Association in its latest survey.The Airline Business Confidence Index published in January reported accelerated growth volumes in the fourth quarter of 2014 compared with Q3, “which is consistent ...
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Drewry: East-West airfreight rates in retreat
Air freight rates retreated from their November high as peak season demand receded.Drewry’s East-West Air Freight Price Index fell 12.6 points in December to 108.2 points, bringing the index down closer to seasonal norms.This brought to an end six consecutive months of rising pricing in which the index had gained ...
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Air freight price index stabilised in June
East-West air freight rates stabilised in June, following the seasonal correction of May, as Drewry’s East-West Air Freight Price Index recovered 2.3 points in the month to 101.6 points.The uptick in pricing only partly offset the decline experienced in May, but still left the index "considerably higher" than it was ...