All Airfreight Rates Articles – Page 8
-
News
Air cargo rates set to stay elevated during summer lull
Airfreight rates cooled as the month of May progressed but this is unlikely to signify the start of a return to pre-Covid levels.The latest figures from the Baltic Exchange Air Freight Index (BAI) show that rates from Hong Kong to North America increased to $8.70 per kg in May from ...
-
NewsCLIVE: Air cargo bounces back in April
Air cargo volumes returned to pre-covid levels in April after a drop off in March while the overall market remains strained, according to the latest statistics from CLIVE Data Services.Figures from the data provider show that cargo tonnages increased by 1% in April compared with the same month in 2019 ...
-
News
Hong Kong-North America rates soar as capacity crunch tightens
Average airfreight rates on services from Hong Kong to North America last week breached the $9 per kg mark as stricter quarantine rules and strong demand hit the market.The latest figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Index showed that average prices from Hong Kong ...
-
NewsAir cargo demand up in February but regional trends differ
Air cargo demand continued to increase in February but regional performance varies greatly, according to the latest statistics from data provider WorldACD.Figures for February show that demand in weight during the month increased by 1.1% year on year (YoY). Over the first two months of the year, which helps offset ...
-
News
Top air forwarders expect continued capacity constraints for 2021
The heads of Deutsche Post (DP) DHL and Kuehne+Nagel (K+N) are both expecting airfreight capacity to remain constrained for the rest of the year.Speaking to analysts following the announcement of K+N's 2020 financial figures, the forwarder's chief executive Detlef Trefzger was asked whether he expected airfreight rates to collapse this ...
-
News
Lufthansa Cargo expects a good 2021 and rates to ease in H2
The newly appointed chief executive of Lufthansa Cargo, Dorothea von Boxberg, is expecting another good year in 2021 but adds that rates are likely to cool in the second half.Lufthansa Cargo yesterday announced a record adjusted operating profit of €772m, more than double the previous record of €342m in 2010.The ...
-
News
Monthly airfreight rates stable in February on key trades
Average monthly airfreight rates on key trade lanes were largely static in February compared with a month earlier but remain well above last year’s levels.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in February reached $6.42 per kg, ...
-
NewsAir cargo makes recovery "that passenger departments will be dreaming of"
The latest data form CLIVE Data Services and TAC Index suggests that in the last 10 months, global air cargo volumes have recovered to pre-Covid levels, demonstrating the "robustness" of the market and "a recovery that airline passenger departments will be dreaming of".In its February 2021 report, analyst CLIVE Data ...
-
News
Air cargo capacity expected to remain constrained
Air cargo capacity is expected to remain constrained for some time, resulting in forwarders increasingly relying on charter operations.In the latest Baltic Exchange airfreight rate newsletter, Bruce Chan, vice president of global logistics at investment bank Stifel, said that vaccination programmes were expected to lead to a pick-up in passenger ...
-
News
Airfreight rates remain elevated in January despite seasonal slowdown
Airfreight rates on key trade lanes declined in January compared with a month earlier but remain far above last year’s levels.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that average rates on services from Hong Kong to North America slipped to $6.43 per kg in January compared ...
-
News
Airfreight rates expected to remain elevated in 2021
Airfreight rates are expected to remain elevated in 2021 as the demand outlook remains uncertain and belly capacity is slowly re-introduced into the market.Writing in a Baltic Exchange market update, Bruce Chan, vice president – global logistics at investment bank Stifel, said that airfreight rates are likely to remain elevated ...
-
NewsAir cargo continues to improve in November but Covid vaccine to add pressure
Air cargo demand continued to improve in November, while load factors remain high due to the loss of bellyhold capacity, according to the latest statistics from IATA.The airline association's data shows that during the peak season month, air cargo tonne kms declined by 6.6% compared with a year earlier. Over ...
-
NewsWorldACD: Air cargo demand dips in November but rates rise
Air cargo's gradual demand recovery slowed in November, but there were signs that volumes were picking up again in December, according to data provider WorldACD.The company's data for the month of November shows that in "a year like no other" volumes declined by 12.6% year on year but rates experienced ...
-
News
HSBC sees vaccine supporting Asia-Pacific air freight rates in 2021
HSBC expects vaccine distribution to support cargo rates at Asia-Pacific carriers in 2021, with Cathay Pacific, China Airlines, Korean Air, and China’s ‘big three’ to be the main beneficiaries.In a research note, HSBC estimates that coronavirus vaccine distribution will add just 2% to global air cargo demand, but that this ...
-
NewsAirfreight rates climb in November while belly capacity grows
The air cargo industry saw rates out of Hong Kong increase in November while the start of December has seen carriers re-introduce belly capacity.November figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Data show that in November average airfreight rates from Hong Kong to North America ...
-
NewsCLIVE: Expected November peak "fails to materialise"
Air cargo's road to recovery took a slight hit in November, as "airlines' hopes of a boost failed to materialise".According to CLIVE Data Services' most recent figures, last month saw a 1% year-over-year fall in airfreight demand — the first decline reported in six months.In recent months, the gap in ...
-
News
The Baltic Exchange launches air cargo derivatives indices
Derivatives trading platform the Baltic Exchange has launched weekly airfreight indices to allow companies to hedge against rate swings.The Baltic Exchange has partnered with Hong Kong-based air cargo pricing publisher Tac Index on the new indices, which include six outbound indices and 17 individual destination baskets.These products will be branded ...
-
NewsTIACA calls for an end to 'misleading' weight-based load factor
TIACA is calling for the air cargo industry to adopt the dynamic load factor developed by CLIVE Data Services over the "misleading" traditional weight-based system.The dynamic load factor methodology measures how full an aircraft is by considering both freight volume and weight, rather than just weight, as aircraft often reach ...
-
NewsAirfreight rates out of Asia head back to early summer levels
Airfreight rates between Shanghai and North America last week reached their highest level since early June.The latest Tac Index figures show that average prices on services from Shanghai to North America increased by 26.2% week on week to reach $6.07 per kg.Meanwhile, prices from Hong Kong to Europe have climbed ...
-
NewsCLIVE: Airfreight market improves for fourth consecutive month
The airfreight market has showed signs of improvement for the fourth consecutive month, CLIVE Data Services' and TAC Index's latest data has shown."Year-on-year growth during August showed a further narrowing of the gap in international air cargo volumes to -17% versus August 2019," the analysts said.By comparison, there was a ...