All Data Articles – Page 15
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News
Air cargo alliance aids price optimisation
TAC Index has formed an industry first alliance with a provider of SaaS solutions that optimise shopping and selling experiences to give the latter’s customers greater, more accurate and timely visibility into market air cargo rates.The alliance aims to help PROS customers optimise prices and maintain profit margins as the ...
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Newscargo.one digital aids helps freight forwarders plan for change
Flight Operating Status Dashboard. Photo: cargo.oneA new “Flight Operating Status Dashboard” has been launched by cargo.one for freight forwarders as supply chain pressure grows with the impact of the Ukraine invasion.The purpose of the free tool is to provide forwarders with the latest schedule updates so they can quickly keep ...
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NewsAir cargo growth in January "below expectations"
Air cargo growth figures for January were "below expectations" while the outlook for the year ahead is uncertain, according to IATA.The airline association's latest monthly report shows that global air cargo demand in cargo tonne km terms increased by 2.7% year on year in January.Capacity for the month was up ...
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NewsAir cargo market close to pre-pandemic levels but uncertainty ahead
The global air cargo market continued catching up with pre-pandemic levels in February as freight volumes, capacity and load factors stabilised close to 2019’s performance, with rates also slowly trending downwards.This is according to the latest data from industry analysts CLIVE Data Services, which found chargeable weight in February was ...
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NewsApex acquisition helps K+N to rapid airfreight growth
Kuehne+Nagel (K+N) saw its airfreight volumes increase by more than half last year as industry-wide demand soared and the company benefitted from its acquisition of Apex.The forwarder's total airfreight volumes for 2021 were up by 54.9% year on year to 2.2m tonnes, air revenues increased by 97% to SFr11.5bn and ...
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News
International air cargo demand up for Asia Pacific airlines
The Association of Asia Pacific Airlines (AAPA) said international air cargo demand as measured in freight tonne kilometres (FTK) recorded a 5.1% year-on-year increase for Asia Pacific carriers in January.This is on top of the strong 20.2% annual increase achieved for the full year 2021, said AAPA.The international freight load ...
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NewsCorporación América Airports cargo volume up
Presidente Juscelino Kubitschek International Airport in Brazil. Photo: Corporación América AirportsCorporación América Airports saw its cargo volume increase 22.8% year on year in January 2022 compared to the year before.The company said it achieved a cargo volume of 25,100 tons in January compared to 20,400 thousand tons in January 2021.However, ...
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News
China's air cargo volumes rebound
China's air cargo volumes rebounded to near pre-pandemic levels in January, according to the Civil Aviation Administration of China (CAAC), reported Xinhua, China’s state press agency.The volume of cargo and mail transported by air was approximately 654,000 tonnes in January, or 97.3% of the amount recorded in the same period ...
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News
Hong Kong Airport sees transshipment traffic decline
Hong Kong International Airport (HKIA) handled 391,000 tonnes of cargo in January, a 4.7% decline on the same month in 2021 (410,000 tonnes) as transshipment traffic fell.Airport Authority Hong Kong (AAHK) said that freighter flight movements at the world’s largest international cargo hub saw year-on-year growth of 14.1% to 7,165 ...
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News
Record 2021 results for Atlas Air Worldwide
Atlas Air Worldwide Holdings saw record results in 2021 with increased revenue and income, while also placing all of its incoming B747-8Fs under long-term agreements.The US-based freighter lessor expects a “strong performance” in the first quarter of 2022, helped by new or enhanced long-term customer contracts.Atlas saw 2021 revenues of ...
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NewsQuarantine hits Cathay Pacific volumes
Photo: Cathay PacificQuarantine measures imposed on Hong Kong-based aircrew saw Cathay Pacific suffer a 31.8% fall in January’s cargo volumes to 74,242 tonnes compared with the same month in 2021.The Hong Kong-based passenger and freighter aircraft operator advised that, due to ongoing strict crew quarantine requirements, it will continue to ...
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News
Freighter flight twin peaks unaffected by Covid
Covid-19 has failed to affect significantly the established twin peaks of freighter flight operations, before and after passenger aircraft’s busiest daily period.However, the growth in express cargo operators since 2005 has seen a rise in freighter flights in the late evening and early morning slots.That is the conclusion of the ...
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NewsBrussels air cargo throughput soars in January
Photo: Brussels AirportA surge in freighter services and bellyhold cargo saw Brussels Airport overcome a drop in express shipments to handle 4% more airfreight in January compared with the same month in 2021, and 10% over January 2019.The main Belgian hub saw throughput of 60,645 tons in January, an increase ...
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News
E-commerce delivers Minneapolis cargo growth
Minneapolis-St. Paul International Airport’s (MSP) said its cargo activity has remained strong through the pandemic, backed by global e-commerce growth.Total cargo at the US airport in 2021 was 234,747 metric tons, surpassing 2019’s pre-pandemic cargo shipments by 2.5%, and 2020 levels by 15.2%.Cargo-only carrier operations grew to 16,578 flights, a ...
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NewsDSV reports record results on higher rates and GIL takeover
DSV reported record revenues and profits last year thanks to higher freight rates and acquistions.The Danish forwarder reported a 57.2% year-on-year increase in revenues for the year of DKr182.3bn, while earnings before interest and tax (ebit) were up 70.4% to DKr16.2bn and net profit climbed 164.3% to DKr11.2bn.Results were boosted ...
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NewsCargo volumes boom at Miami International
Source: Miami International AirportMiami International Airport (MIA) has broken its record for cargo volumes handled for the second year in a row.The Florida hub handled 2.7m tons of freight in 2021, "shattering" its previous record of 2.3m tons achieved in 2020.International freight grew by 17% to 2.2m tons, while domestic ...
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News
Airfreight rates remain elevated in January
Airfreight rates on key trades were ahead of last year in January even though prices were down from the December peak.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America stood at $10.90 per kg in January.This is far above the ...
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NewsCLIVE: Marginal air cargo volume increase in January
General air cargo volumes in January 2022 recorded a 0.1% increase in chargeable weight compared to January 2021, according to the latest industry analysis by CLIVE Data Services.While the “global airfreight supply chain remains fragile,” volumes were also on a par with the pre-pandemic January 2019 level at plus 0.2%, ...
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News
Air cargo rates to stay high as challenges remain
Strong air cargo rates are set to continue but capacity and ground handling challenges will continue.This was the takeaway from the World Cargo Summit’s Air Cargo Market Update & Outlook, which focused on the market outlook for 2022 and beyond, hot spots for growth and the outlook for cargo charters.Niall ...
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News
Hong Kong air cargo volumes up 12.5% in 2021
Airport Authority Hong Kong (AAHK) said cargo throughput in 2021 at Hong Kong International Airport (HKIA) rose by 12.5% year on year to 5m tonnes, exceeding the 4.8m tonnes recorded in 2019.The number of cargo flights surged to an all-time record of 82,935, a year-on-year increase of 19.8%, confirmed AAHK. ...