All Data Articles – Page 12
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NewsFreighter fleet expected to grow by 2.3% per year
Aviation data firm Cirium is expecting the world's freighter fleet to grow at 2.3% per year over the next 20 years.The data provider predicted that in total the world's freighter fleet will reach over 4,100 aircraft by 2041 on the back of a 3.7% per year increase in cargo demand.The ...
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NewsIATA: Mixed signals for cargo as demand drops in November
There are mixed signals regarding air cargo's outlook after November saw another double-digit percentage decline in demand.The latest IATA statistics show that airfreight demand in cargo tonne km terms (CTK) declined by 13.7% year on year in November.Capacity for the month fell by 1.9% against last year and load factors ...
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NewsCLIVE: Dig deeper for true air cargo market picture
The air cargo industry is holding its own given the economic pressures it faced last year and despite a consistent drop in demand.According to the latest industry analysis by Xeneta-owned CLIVE Data Services, in December, chargeable weight fell 8% year on year and the general airfreight spot rate registered its ...
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NewsForwarders stick with short-term deals as air cargo volumes fall
Freight forwarders are continuing to opt for short-term airfreight deals as volumes and rates continue to decline.The latest statistics from Xeneta-owned CLIVE Data Services show that in November air cargo volumes declined 8% year on year and were down 2% on October, while the dynamic load factor - based on ...
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NewsIATA predicts 4% drop in air cargo volumes next year
Air cargo traffic is predicted to drop by a further 4% next year, while yields and revenues are also expected to weaken compared with this year's levels.Speaking at the IATA Global Media Day, the airline association's head of policy analysis Andrew Matters revealed its predictions for next year.He said that ...
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News
Air cargo rates continue to decline in November
Air cargo pricing on some of the world's major trade lanes continued to decline in November, bucking usual seasonal trends.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that spot and contract rates paid by forwarders on services from Hong Kong to North America slipped to an average ...
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News
Air cargo suffers largest demand drop of 2022 in October
Air cargo demand suffered the largest percentage decline of the year so far in October but there is the hope of some peak season pick-up.The latest statistics from IATA show that air cargo tonne km declined by 13.6% year on year in October while capacity was down 0.6% and load ...
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News
DHL: No increase for peak season volumes and flat growth into 2023
Air cargo volumes remain low with peak season volumes unlikely to increase, according to DHL Global Forwarding’s November 2022 ‘Air Freight State of the Industry’ Report.“Volumes (are) expected to witness flat growth even in first two quarters in 2023,” said the report.Most of the major trade lanes experienced year-on-year declines ...
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News
Air cargo to join box shipping in 'overcapacity corner'
Air cargo faces a stint in 'overcapacity corner' next year alongside the ocean shipping sector, according to data analyst Xeneta.The data firm, which is parent to CLIVE Data Services, said that weaker volumes and higher capacity would result in overcapacity in air cargo next year.Ocean shipping is also expected to ...
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News
Covid restrictions continue to impact Cathay Pacific's cargo volumes
Pandemic containment measures in China have continued to impact Cathay Pacific's cargo volumes while European network expansion has softened the blow.Although travel restrictions and quarantine requirements have now eased in Hong Kong, it is still impacted by China's Covid policy.Chief customer and commercial officer Ronald Lam said: “In terms of ...
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NewsAirfreight peak season looking unlikely as demand falls again
Air cargo volumes declined 8% year on year in October - the eighth consecutive month of decline - and the outlook is equally downbeat.According to Xeneta-owned CLIVE Data Services the market outlook "remains uncertain" and there is also nothing to indicate an upturn next year from its weekly market data.There ...
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News
Airfreight rates decline again in October
Airfreight rates continued to buck normal seasonal trends and declined again in October as the air cargo market remained subdued.The market usually sees an increase in rates out of Asia between September and October as the industry continues to ramp up toward the peak season. However, that was not the ...
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NewsTAC Index to launch new air cargo data quality report
Source: TAC IndexPrice reporting agency TAC Index is set to launch a new product that will help companies improve the quality and timeliness of their data.The new TAC Insights – Data Health Report will be offered free of charge to freight forwarders that provide pricing data for the index as ...
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News
IATA: Air cargo market stable despite latest decline
IATA said the air cargo market is stable despite demand falling for the sixth month in a row in August.The airline association's latest data shows that demand in cargo tonne km terms in August fell by 8.3%, which was a slight improvement on the 9.7% fall registered in July.Capacity increased ...
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NewsAir cargo rates continue to soften
Global air cargo rates have continued to soften in September, according to the latest figures from WorldACD Market Data.WorldACD said that air cargo prices continued their gradual decline in the first two full weeks of September, while volumes increased slightly in the second week after a drop in the first ...
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News
Cathay Pacific claws back capacity amid flat demand
Cathay Pacific has continued to benefit from the easing of quarantine restrictions in Hong Kong and the return of its full freighter schedule but suffered from flat demand during the summer.Overall figures reflected a challenging market, but the airline operated 59% of its pre-pandemic cargo flight capacity in August, said ...
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News
Schiphol looks ahead as ABC loss hits volumes
Amsterdam Schiphol Airport saw its cargo volumes decline by 13.8% year on year in the first six months of the year as weaker market conditions and the loss of AirBridgeCargo services hit volumes.The airport handled a total of 721,746 tonnes in the first half of the year, with inbound cargo ...
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NewsIs air cargo set for a better-than-expected peak season?
The air cargo demand figures for August could signal a better-than-expected end to the year, according to data provider CLIVE Data Services.The latest figures from Xeneta-owned CLIVE show that in August air cargo demand was 5% down on a year earlier, a more modest decline than the 8% and 9% ...
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IATA reports another drop in air cargo demand in July
Air cargo demand slumped again in July but there are some indicators suggesting a narrowing in comparisons in the coming months.The latest statistics from IATA show that air cargo traffic in July fell by 9.7% year on year in cargo tonne km terms - the fifth month in a row ...
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Insights
Transpacific airfreight pricing dips below 2021 levels in August
Average airfreight rates on major air cargo routes to North America slipped below last year's levels in August as demand remained flat during the month.Figures from the Baltic Exchange Airfreight Index (BAI) show that in August, average airfreight rates from Hong Kong to North America declined 3.6% year on year ...