All Data Articles – Page 10
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NewsHopes diminish for an air cargo peak season boost
Hopes of a surge in air cargo demand towards the end of the year diminished in October as the latest data showed only a slight uplift in demand.The latest figures from data provider Xeneta show that air cargo demand increased 2% in October compared with September which is described as ...
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NewsAirfreight rate rises pick up pace in October
Source: Baltic Exchange Air Freight Index (BAI) powered by TAC Data Copyright: Baltic Exchange. Chart created by Air Cargo NewsAirfreight rates on major east-west trades picked up in October as the industry entered its traditional peak season (see dashboard at end of article). The latest figures from the Baltic Exchange ...
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NewsAre recent air cargo improvements the start of a full market recovery?
There is no doubt that the air cargo industry has seen some improvement over the last few weeks but there is debate over whether this represents the start of a full recovery for the market.The latest rate figures indicate a tightening of supply and demand with last week's numbers from ...
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NewsAir cargo improvements push shippers to longer term deals
The air cargo market continued to find its way out of the doldrums in September, resulting in an increase in longer term deals.The latest figures from Xeneta show that air cargo volumes in September were flat on a year ago and spot rates were down by 34% - the lowest ...
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InsightsTop 25 air cargo carriers: Cargo airlines tackle tough times
Cargo carriers faced multiple challenges to business growth in 2022, a year that presented a dramatically different operating landscape to 2021 (full chart at end of article).2022 proved to be a testing year for air cargo carriers following the boom years of the pandemic.The start of the Ukraine-Russia war had ...
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NewsIATA: First air cargo demand growth in 19 months
IATA has delivered some positive news for the airfreight industry with new data that shows year-on-year air cargo demand grew for the first time in 19 months, but it said the trajectory of global trade is a concern.As part of its air cargo market analysis for August, the industry body ...
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NewsAirfreight rates continue to rise in September
Airfreight rates finally showed signs of improvement in September (see dashboard at end of article) and further increases have been recorded in the first week of October.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates - spot and contract - paid by forwarders from Hong ...
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NewsSpecial cargo volumes a bright spot in overall market declines
The transport of special air cargo products has been the bright spot in a depressed air cargo market over the first eight months of the year.Statistics from WorldACD show that the verticals vulnerable/high-tech (+7%); valuables (+2%); perishables (+4%) and live animals (+5%) have all recorded improvements in volumes in the ...
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More signs of a 'firmer' air cargo market
There were further signs that the air cargo market was firming up last week after more than a year of demand declines.The latest weekly figures from data provider TAC Index show that the overall BAI airfreight rate index last week increased by 4.8% on the previous seven days.Meanwhile, the year-on-year ...
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Is the air cargo market finally showing signs of improvement?
Emerging reports suggest that the air cargo market may finally be showing signs of a slight improvement after a year and a half in the doldrums.The latest market report from data provider WorldACD shows that air cargo demand last week increased by 4% on the previous seven days, which itself ...
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NewsNo signs of a peak season as air cargo market remains weak in August
Although air cargo declines have narrowed in recent months there are no signs that the industry will enjoy a peak season despite some expressing hopes of a recovery in the final months of the year.The latest data from Xeneta-owned CLIVE Data Services shows that in August demand in chargeable weight ...
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NewsAir cargo declines continue to narrow in July
Declines in air cargo volumes narrowed to their lowest level of the year so far in July as the market continued to show signs of bottoming out.The latest figures from IATA show that in July air cargo traffic in cargo tonne km (CTK) terms fell 0.8% year on year - ...
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NewsMajor Hong Kong trades see airfreight rates stabilise in August
Major trades out of Hong Kong and Frankfurt saw airfreight rates stabilise in August after months of declines [see dashboard at end of article].The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average prices paid by forwarders - both contract and spot - on services from Hong ...
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NewsFrankfurt finally reports cargo increase... thanks to a difficult July 2022
Europe's busiest cargo airport Frankfurt has reported its first year-on-year increase in cargo volumes in 19 months.The German hub in July registered a 2.3% increase in cargo volumes compared with a year earlier as volumes reached 164,503 tonnes.This is the first time Frankfurt has registered an increase in its monthly ...
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NewsIATA reports improving air cargo market in June
Air cargo volume declines narrowed to their lowest level of the year in June with hopes that lower levels of inflation could aid economic recovery.The latest figures from IATA show that in June air cargo demand decreased by 3.4% year on year, while capacity was up 9.7% and the average ...
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Air cargo set for slow recovery as it reaches the bottom
Air cargo volume declines have bottomed out but are expected to remain in the doldrums for a while yet.Writing in the latest Baltic Exchange air cargo market newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel said that the company felt ...
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NewsWinter of discontent predicted as air cargo rates plummet
With volumes down and capacity up, July saw global air cargo rates continue their downward trajectory – foreshadowing a tough winter season for airlines, according to market analysis by Xeneta-owned CLIVE Data Services.“The month of July rarely provides any surprises in terms of unexpected performance levels in the global air ...
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NewsKuehne+Nagel and DSV see airfreight volumes plummet
Leading airfreight forwarders Kuehne+Nagel (K+N) and DSV both saw their airfreight volumes, revenues and profits decline in the second quarter of the year.The world's leading air forwarder, K+N, saw its volumes decline 15.5% year on year to 482,000 tonnes, air net turnover fell 48% to Sfr1.6bn and earnings before interest ...
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NewsTop 20 cargo airports: Cincinnati/Northern Kentucky the big winner
Cincinnati/Northern Kentucky International Airport reported the largest percentage increase in cargo volumes last year of the top 20 cargo airports, according to the latest statistics (see chart at end of article) from Airports Council International (ACI).ACI released its provisional figures for the top 10 airports back in April, showing that ...
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NewsTop 25 air forwarders: K+N extends its lead on DHL
Kuehne+Nagel (K+N) last year extended its lead over DHL as the world’s busiest airfreight forwarder while market conditions took their toll on overall forwarder volumes (see chart at end of article).The leading 25 airfreight forwarders saw total volumes decline 6.3% year on year in 2022 to 16.9m tonnes as lockdowns ...