All Data Articles – Page 11
-
NewsAir cargo declines continue to narrow in May
Air cargo demand declines are continuing to narrow as the year progresses but still remain down on 2019 levels.The latest statistics from IATA show that air cargo traffic in cargo tonne km (CTK) terms declined by 5.2% year on year in May and by 7% compared with 2019 levels.Meanwhile, capacity ...
-
NewsAirfreight rates down in June as summer lull arrives
Airfreight rates declined again in June as the quieter summer period resulted in a demand slowdown (see dashboard at end of article).The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates – based on contract and spot process paid by forwarders – on services from Hong ...
-
NewsFreight forwarders continue the hunt for market share
Freight forwarders are on the lookout to expand their customer base as market volumes dwindle.Niall van de Wouw, Xeneta’s chief airfreight officer, said freight forwarders are becoming restless with continued reduced demand."There are a lot of ambitious forwarders in the market that want to grow – but they cannot grow ...
-
News
Reduced demand and returning belly capacity result in "double whammy" for airfreight rates
Soft demand and continued returning belly capacity combined to hit airfreight rates again in May, and pressure on rates is expected for the rest of the year."2023 airfreight rates continue to grind lower, and the month of May was no different, enduring a double whammy of soft demand and the ...
-
NewsAir cargo demand decline slows down in April
Air cargo demand in April continued to decline, albeit at a slower pace than the previous month, according to IATA’s latest market data.The airline association’s April 2023 figures showed that demand, in cargo tonne kms (CTKs), fell 6.6% over April 2022 although this was an improvement over the previous month's ...
-
Insights
Airfreight rates slide in April
Airfreight rates on major east-west trade lanes declined in April as indicators of a recovery in March showed signs of fading (see chart below).The latest statistics from Baltic Exchange Airfreight Index (BAI) show declines in prices between Asia and Europe, Asia and North America and across the Atlantic.The falls are ...
-
NewsLufthansa Cargo sees revenues, profits and volumes fall in Q1
After three consecutive years of record profits, it was back to earth with a bump for Lufthansa Cargo in the first quarter of the year as revenues, profits and volumes all declined.The German airline's logistics division, which includes Lufthansa Cargo, Jettainer, time:matters, HeyWorld and a 50% stake in AeroLogic, registered ...
-
NewsAir cargo demand falls back below pre-Covid levels in March
Air cargo demand slipped back below pre-Covid levels in March after a volatile first quarter, according to the latest market data from IATA.Figures from the airline association show that air cargo demand in cargo tonne kms (CTK) terms declined 7.7% year on year in March, which is an improvement on ...
-
NewsCLIVE: Forwarders seek longer term contracts to secure volumes
Growth in longer term contracts between shippers and freight forwarders may reflect moves by the latter to secure air cargo volumes, according to CLIVE Data Services.This shift could indicate a ‘hunt for volume’ by forwarders, said Niall van de Wouw, chief airfreight officer at CLIVE's parent firm, Xeneta.The distribution of ...
-
NewsHong Kong International retains busiest cargo hub top spot
Hong Kong International Airport (HKIA) retained its position as the world's busiest cargo airport in 2022 despite the impact of Covid restrictions, according to statistics from Airports Council International.HKIA saw its cargo volumes fall by 16.4% year on year in 2022 to 4.2m tonnes as restrictions on crew hampered operations, ...
-
News
Air cargo demand slides again but beats pre-pandemic levels
Air cargo demand slipped again in February but exceeded pre-pandemic levels for the first time in eight months.The latest statistics from IATA show that demand in February fell 7.5% year on year in cargo tonne km (CTKs).However, CTKs for the month were up 2.9% compared with February 2019 levels. The ...
-
News
Airfreight rates climb on the transpacific in March
Transpacific airfreight rates picked up in March, although there were further declines from Hong Kong to Europe and across the Atlantic.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that prices from Hong Kong to North America in March increased by 9% compared with February to $5.38 per ...
-
NewsFrankfurt cargo volumes down again in February
Cargo volumes at Frankfurt Airport continued to decline in February as the global economic downturn and war in Ukraine affected the airfreight market.The German air cargo hub in February registered an 11% year-on-year decline in cargo volumes to 146,620 tonnes.Volumes were also 9.1% behind pre-Covid 2019 levels and followed an ...
-
News
IATA: January demand remains muted as economic constraints continue
Economic constraints have continued to take their toll on industry demand as January became the 11th month in a row that air cargo volumes declined, according to IATA.Global demand, measured in cargo tonne-kilometers (CTKs), fell 14.9% year on year, said the industry body.Meanwhile, fuelled by a resurgence in belly capacity, ...
-
InsightsAsia-Europe air cargo market still in recovery
The Asia-Europe trade lane has been buffeted by weakening demand and the outbreak of war in Ukraine over the last 12 months but there are some opportunities to be found.Air cargo capacity on the Asia-Europe route increased marginally (+3%) from the fourth quarter of 2021 to fourth quarter of 2022, ...
-
News
K+N reports record air volumes and revenues despite weakening market
Kuehne+Nagel has reported record airfreight volumes and revenues for 2022 despite performance weakening in the second half of the year.The world's largest airfreight forwarder reported a full-year air revenue increase of 7.6% year on year to Sfr12.4bn, earnings before interest and tax (ebit) for its air business was up 20.7% ...
-
News
First signs of recovery in air cargo?
The air cargo market could be showing the first signs of a possible recovery fuelled by the restart of production at Chinese factories.Data provider TAC Index said that while air cargo rates "continued to edge slightly lower" last week there were indications of the "first shoots of recovery" for some ...
-
News
Rates on major trades down but still more than 50% above pre-Covid levels
Airfreight rates continued their downward spiral in January but are still above pre-Covid levels.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in January declined to $6.14 per ...
-
NewsIATA: Mixed outlook as volumes decline again in December
Air cargo volumes declined for the tenth month in a row in December and there are mixed signals for the year ahead, according to IATA.Figures from the airline association show that demand in cargo tonne km (CTK) terms declined by 15.3% year on year in December and by 8% for ...
-
NewsCLIVE points to continued uncertainty in the air cargo market
Industry analyst CLIVE Data Services has said that global air cargo demand continued to fall in January, down 8% year on year, partly the result of an earlier than normal Chinese New Year and partly due to global economic headwinds.The 8% year on year fall in global airfreight demand in ...