All Data Articles – Page 13
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News
Airfreight rates to grind lower despite high inventories
Airfreight rates are expected to "grind directionally lower" or remain stable compared with current levels despite figures showing high inventory levels.Writing in his monthly column in the Baltic Exchange newsletter, senior analyst at investment bank Stifel Bruce Chan pointed to US Census Bureau figures that showed inventory levels continued to ...
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NewsWorldACD finds reasons to be cheerful in air cargo volume figures
The demand declines registered in air cargo this year do not to tell the full story when it comes to the industry's performance, according to data provider WorldACD.In an analysis of how the industry has been performing on a country-by-country basis, WorldACD found that the 4% year-on-year decline in chargeable ...
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News
Air cargo market remains flat ahead of upcoming peak season
The air cargo market remains flat as the industry heads towards the traditional peak season.Data provider TAC Index said that its latest figures showed that overall airfreight rates according to the Baltic Exchange Index (BAI) were last week down 0.8% compared with the prior seven days."Prices did not move much ...
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News
DHL reports airfreight demand low but capacity increasing
Air cargo demand remains low but capacity is increasing, according to DHL’s latest Airfreight State of the Industry report.According to the report, published this month, inflation and reduced purchasing power are among the reasons why demand is low.Although volumes “remain softened” they are stable following the peak drop seen in ...
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NewsLate July stabilisation in air cargo demand fades in August
A partial recovery in air cargo volumes in the second half of July faded in August as Asia outbound demand began to weaken.Statistics from data provider WorldACD show that in the two weeks ending August 14, worldwide cargo volumes in chargeable weight decreased by 5% compared with the final two ...
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News
China's air cargo traffic "back to normal"
China's air cargo traffic has returned to normal recently after posting a V-shape recovery in the first half of this year, China’s state press agency Xinhua has reported.In July, the civil aviation industry transported a total of 539,000 tonnes of cargo and mail, an increase of 28.3% compared with April, ...
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NewsAir cargo demand drops again in July as dark clouds gather
Air cargo demand fell for the fifth month in a row in July as the industry continues to face a "multitude of disruptions", according to CLIVE Data Services.The Xeneta-owned data provider said that during July air cargo demand dropped by 9% year on year and the dynamic load factor - ...
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NewsLufthansa Cargo revenues surge despite volume drop
Lufthansa's logistics division saw revenues and operating profits increase again in the second quarter of the year despite a small drop in cargo volume.The division, which includes Lufthansa Cargo, time:matters, Jettainer and the company's share of AeroLogic, saw its second-quarter revenues increase by 45% year on year to €1.3bn, while ...
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News
IATA: Air cargo demand declines narrow in June
Air cargo volumes were down again in June, although the level of decline eased compared with recent months as Covid restrictions in China began to be lifted.The latest statistics from IATA show that air cargo traffic in June was down 6.4% in cargo tonne km (CTK) terms compared with a ...
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Insights
Air cargo rates stabilise for summer period
Airfreight rates on key trade lanes were stable in July for the quieter summer period but remain far above pre-pandemic levels.The latest data from the Baltic Exchange Airfreight Index (BAI) show that average rates on services from Hong Kong to North America dropped by 2.6% in July compared with June ...
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News
Sustained freighter demand expected over next 20 years, says Airbus
Airbus expects sustained demand for freighters over the next 20 years with nearly 70% of the current fleet anticipated to be replaced.The airframer’s 2022 Global Market Forecast for the 2022-2041 period shows that the world freighter fleet in service will reach 3,070 aircraft by 2041.This new report, published on July ...
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NewsIATA remains positive for cargo despite latest demand decline
The latest statistics from IATA show that air cargo demand declined again in May but the association is positive for the coming months as production in Asia continues to ramp up following Covid restrictions earlier in the year.The IATA figures show that air cargo demand in cargo tonne-km (CTK) terms ...
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News
Unexpected airfreight rate stagnation down to fuel prices and a slowing market
Many had expected the opening up of Shanghai and Hong Kong following strict Covid lockdowns to result in a surge in rates from Asia as factories played catch up following months of closure.However, TAC Index figures show that rates actually declined marginally in June compared with May from Hong Kong ...
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NewsAir cargo volumes down again while rates continue to cool
Air cargo demand declined compared with a year ago for the fourth month in a row in June, according to the latest statistics from CLIVE Data Services.Figures from the Xeneta-owned data provider show an 8% year-on-year decline in chargeable weight in June, following on from drops in March, April and ...
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News
Asia Pacific passengers surge but freight falls back
Cargo traffic carried by Association of Asia Pacific Airlines (AAPA) members fell 5.6% in May 2022 compared with May 2021.AAPA blamed supply chain disruptions and slowing demand, leading to a year-on-year decline in freight tonne kilometres in May. Meanwhile, offered freight capacity expanded by 1% year-on-year compared to the same ...
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News
Airfreight rates on key lanes fall in June
Airfreight rates on key east-west trade lanes fell in June as the air cargo market enters the quieter summer period.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that airfreight rates from Hong Kong to North America dropped by 10.1% in June compared with May to $8.72 per ...
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News
Airfreight industry will not suffer any “lasting negative impact” from the pandemic
The air cargo industry will not suffer any “lasting negative impact” from the pandemic, an industry expert has said.Speaking at the Scan Global Logistics Air & Ocean Freight Outlook June 2022, Ashwin Bhat, chief commercial officer at Lufthansa Cargo, said that the company believes: “There won’t be any lasting negative ...
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NewsTop 25 airfreight forwarders: Kuehne+Nagel takes top spot from DHL
There is no doubt that 2021 was a bumper 12 months for airfreight forwarders with revenues, profits and volumes reaching new highs, but it was also a year of change at the top as Kuehne+Nagel knocked DHL off the top spot (see full list at end of article).The latest annual ...
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News
Ground bottlenecks causing higher air cargo rates
High rates in the air cargo industry are caused by bottlenecks in ground handling capacity rather than aircraft capacity constraints.This is according to Niall van de Wouw, co-founder of CLIVE Data Services and now chief airfreight officer at Xeneta, who explained in a TIACA Economics4Cargo airfreight update on June 16 ...
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News
Asia-Europe capacity is “volatile" against growing demand
Demand continues to be strong out of China, but capacity between Asia and Europe is “volatile” and increasingly limited.This was according to Flexport’s Freight Market Update on June 14, which focused on insights for air and ocean freight on major European trade lanes.Speaking about Far East Westbound airfreight trade, Laurie ...