Air cargo load factors reach two-year high

By Damian Brett

Air cargo load factors have reached their highest level since at least 2018, according to the latest analysis from CLIVE Data Services.

Figures from the data provider show that dynamic load factors – based on volume rather than weight – have now hit 71%, representing the highest level since the company began monitoring the market in 2018.

Niall van de Wouw, managing director of CLIVE Data Services, outlined various reasons for the increase in load factor: “Given the week-over-week reduction in capacity, growth in volumes and the lesser dependence on lanes with large imbalances (ex-China and HKG), and considering the trade imbalances that do exist, this suggests the level of capacity utilization must be reaching the practical maximum.”

In its latest market analysis, Seabury Consulting said that last week capacity reached its lowest level since the start of May as carriers began to reduce their cargo-only passenger flights.

Passenger freighter capacity from China started to decline in mid-May and declined another 16% last week, Seabury said.

Rates have also been declining in recent weeks as the need for urgent PPE transport services eases.

Share this story

Related Topics

Latest airfreight rates news

CLIVE: Airfreight market improves for fourth consecutive month

By Rachelle Harry

The airfreight market has showed signs of improvement for the fourth consecutive month, CLIVE Data Services’ and TAC Index’s latest…

Read More

Share this story

Airfreight rates up as capacity comes under pressure

By Damian Brett

Airfreight rates from key Asian hubs continued to climb last week as ocean capacity shortages and personal protective equipment shipments…

Read More

Share this story

Airfreight rates to the US continue to pick up

By Damian Brett

Airfreight rates out of major Asian origins to North America showed signs of increasing last week as demand shows signs…

Read More

Share this story