Data news – Page 23
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News
Airfreight rates predicted to rise over the coming months as capacity tightens
Airfreight rates from China and Hong Kong are set to rise again over the coming months as new product launches and a lack of capacity put load factors under pressure, according to freight forwarder Flexport.Last week rates out of Asia appeared to stabilise — and even crept up a little ...
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NewsBrussels Airport sees cargo return to growth in June
Brussels Airport saw its cargo volumes return to growth in June as new airlines began services to the Belgian hub.The airport saw cargo volumes increase by 4.8% year on year in June, which the first improvement in numbers it has registered since the start of the Covid-19 outbreak. Full freighter ...
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News
Airfreight rates from Hong Kong and Shanghai stabilise
Airfreight rates from Shanghai and Hong Kong showed some signs of stabilisation last week, according to the latest figures from TAC Index.Numbers from the data provider show that airfreight rates from Shanghai to North America decreased by 0.8% week on week to $4.65 per kg, while from Shanghai to Europe ...
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News
Schiphol cargo demand down despite more freighter flights
An increase in freighter flights at Amsterdam Schiphol in the first half of the year was not enough to offset volume losses due to the cancellation of passenger services.The Dutch hub recorded cargo volumes of 655,942 tonnes in the first half, a decline of 14.5% year on year as the ...
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NewsWorldACD: Airfreight rates pushed up by capacity crunch in H1 2020
The latest figures from WorldACD show that although airfreight demand decreased by 18% year on year in the first six months of this year, the capacity shortage from mid-march caused revenues to increase by almost 21%.WorldACD said the capacity crunch led to the average airfreight rate for transporting 1km of ...
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News
Cathay cargo volumes under pressure as company issues profit warning
Cathay Pacific Cargo saw its airfreight volume declines deepen in June as urgent demand for personal protective equipment continued to ease.The airline saw traffic in cargo and mail tonne km terms decline by 35.8% year on year to 596m in June, while cargo volumes were down 43.1% compared with last ...
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NewsShanghai airfreight rate declines show signs of slowing
Airfreight rate declines out of Shanghai have shown signs of stabilising over the last week.The latest figures from TAC Index show that prices from Shanghai to North America last week declined by 4.3% compared with the previous week to $4.50 per kg.From Shanghai to Europe prices slipped by 2.4% week ...
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NewsCLIVE: Airfreight industry is slowly getting back on its feet
Airfreight market analyst CLIVE Data Services has said the industry is "slowly getting back up on its feet" after reporting that volumes in June this year were 6% higher than in May."As personal protective equipment (PPE) volumes faded, global air cargo volumes in June provided the first real indicators of ...
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NewsIATA: Airfreight market improved in May, but a full recovery will take time
In its latest air cargo analysis, IATA has revealed that the airfreight market improved in May, but "a full recovery will take time".Industry-wide demand, measured in cargo tonne km (CTKs), experienced a double-digit decline for the third consecutive month — by 20.3% year-on-year, an improvement on the 25.6% decline in ...
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NewsDeclining rates add to pressure on cargo-only PAX flights
Freight rates out of China continued their return to normal seasonal levels last week, putting further pressure on the use of passenger-freighter flights.The latest figures from TAC Index show that average rates from Shanghai to Europe last week declined by 30.8% week on week to $3.70 per kg. Prices are ...
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NewsGuarded optimism as air cargo volumes improve in May
WorldACD May 2020 figuresThe air cargo market showed some signs of improvement in May although a full rebound is not expected soon, according to analyst WorldACD.The analyst said that worldwide, chargeable weight carried by air, decreased by 29% compared with May 2019, which is an improvement on the 34% drop ...
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NewsAir cargo load factors reach two-year high
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 ...
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News
Air cargo rates and capacity on the slide as PPE demand weakens
Airfreight rates and capacity both declined last week as demand for the transportation of personal protective equipment (PPE) continues to slow.The latest figures from TAC Index show that airfreight rates from Shanghai to North America declined by 12.8% week on week to $5.06 per kg, while from Hong Kong to ...
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NewsCargo the bright spot for airlines as revenues expected to soar
Air cargo is expected to be the "bright spot" for airlines in 2020 as revenues are forecast to hit near-record levels, according to the latest IATA market outlook.The airline association said that cargo volumes will decline by 16.8% this year to 51m tonnes, but a severe shortage in cargo capacity ...
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NewsAirfreight rates tumble as urgent PPE demand slows
Airfreight rates out of Shanghai and Hong Kong continued to decline last week as urgent demand for personal protective equipment (PPE) begins to slow.TAC Index figures show that last week average prices from Shanghai to North America dropped by 23.9% week on week to $5.80 per kg. From Hong Kong ...
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News
ACI World: Covid-19 turning point was in March
Airports Council International (ACI) World, which collects and analyses passenger and air cargo data from select airports, has highlighted that March was the 'turning point' month in which airfreight trends, and most significantly passenger trends, changed dramatically due to Covid-19.Global airfreight volumes declined by 14.4% year on year in March ...
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NewsCLIVE Data Services: Calculating the positives
Is a passenger aircraft bellyhold half empty or half full? Does the airfreight industry need another way to measure capacity utilisation, rather than the long-established weight-based load factor?Niall van de Wouw, managing director of CLIVE Data Services, believes so — and that the global utilisation of air cargo capacity is ...
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NewsAir cargo market improves in May but volatility remains
The month of May 2020 was not as bad for the global air cargo industry as April 2020, CLIVE Data Services has reported in its latest airfreight load factor analysis.CLIVE explained that there was a "slight upward curve" in airfreight volumes, due to the reported -31% year-on-year decline in May ...
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NewsTop 25 air forwarders 2019: DHL leads the pack in a tough year
In a year marked by an ongoing trade war between China and the US, DHL Global Forwarding extended its lead as the world’s busiest airfreight forwarder in 2019 ahead of Kuehne+Nagel (K+N) and DB Schenker, while DSV Panalpina pushed into the top four (full table at the end of article).According ...
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NewsIATA: Air cargo demand records steepest ever decline in April
Air cargo recorded its steepest ever decline in air cargo volumes in April, but a greater reduction in capacity resulted in load factors jumping by the highest amount on record.The latest figures from IATA highlight the volatility experienced in the air cargo market in recent months, with demand in cargo ...