All Data Articles – Page 18
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News
Tiaca tells air cargo to brace for 'unprecedented challenges' in Q4
Supply chain group Tiaca has warned that the air cargo sector faces "unprecedented challenges" in the fourth quarter.The air cargo organisation pointed out that industry is already under pressure due to the lack of bellyhold capacity, modal shift due to issues in ocean shipping, unpredictable supply chain worker covid restrictions ...
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News
Airfreight rates from Asia reach another high
Airfreight rates out of Asia continued to climb last week as the region catches up following Typhoon Chanthu and the China's Golden Week holiday approaches.Last week, Baltic Exchange Airfreight Index prices from Hong Kong to North America breached the $10 per kg mark for the first time since the index ...
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Hong Kong-US air cargo rates index reaches new high for the year
Air cargo prices on services from Hong Kong to North America surged to a new high for the year last week as the peak season kicks in and Golden Week approaches.According to the Baltic Exchange Air Freight Index (BAI), average rates on the route reached $9.70 per kg last week, ...
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Leipzig/Halle hits 1m tonnes so far in 2021
Germany's Leipzig/Halle Airport looks on course for a record year for cargo as its volumes over the first eight months have exceeded 1m tonnes.In August, the airport processed 125,050 tonnes, an increase of 15.1% compared with a year earlier.Over the first eight months of the year the world's 20th busiest ...
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News
Air cargo rates up in August as peak season looms
Air cargo rates on major east-west trade lanes began to pick up in August as the industry faced supply chain disruption due to lockdowns in China and the peak season looms (see dashboard below).The latest figures from the Baltic Exchange Air Freight Index (BAI) show that in August average prices ...
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NewsBengaluru reports record cargo volumes as it eyes expansion
Source: Kempegowda International Airport, BengaluruKempegowda International Airport, Bengaluru (BLR), handled record volumes of cargo in August on the back of international volume growth.The south Indian airport processed 37,319 metric tonnes of cargo during the month - the most it has handled in a single month since its opening in 2008.The ...
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NewsCLIVE: Vietnam and Shanghai disruptions impact airfreight rates in August
Airfreight rates continued to climb past pre-Covid levels in August, as a strict local lockdown in Vietnam and the closure of cargo terminals at Shanghai Pudong International Airport highlighted the "fragility" of supply chains.In its latest airfreight market analysis, CLIVE Data Services said the "resilient" international demand for air cargo ...
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InsightsIATA: July a solid month for air cargo but risks remain
July was another solid month for the air cargo industry, but rising Covid numbers could disrupt the sector's recovery, according to IATA.The latest numbers from the airline association show that in July demand in cargo tonne km (CTK) terms increased by 8.6% compared with the same month in 2019 (used ...
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InsightsCLIVE: Carriers tweak capacity as load factors weaken in July
Air cargo dynamic load factors hit their lowest level since the start of the Covid-pandemic in July as the industry entered the summer slack season, according to the latest figures from CLIVE Data Services.CLIVE data shows that dynamic load factors stood at 66% in July, which is down by three ...
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InsightsOngoing boost from shipping and bellyhold shortages for freighter operators
A slow recovery in belly capacity and higher rates in ocean shipping are expected to boost air cargo for the coming years, according to Boeing’s Tom Crabtree.Speaking to Air Cargo News, Crabtree, who is regional director, Boeing Commercial Airplanes market analysis — air cargo, said that air cargo demand had ...
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News
DHL's airfreight volumes take off in Q2
DHL Global Forwarding saw its airfreight volumes improve by double-digit percentage levels in the second quarter on the back of tight capacity and improved demand.The Deutsche Post (DP) DHL-owned forwarder reported a 9% year-on-year increase in second quarter airfreight revenues to €2bn on the back of a 35.7% improvement in ...
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NewsTop 25 cargo airlines: Freighter operators to the fore
FedEx, UPS and Qatar were last year the largest air cargo carriers once again, but there were major winners and losers in the overall top 25 airlines as the Covid pandemic took its toll on the market (see full at end of article).According to IATA’s latest World Air Transport Statistics ...
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NewsWorldACD: Cargo volumes return to 2019 levels in first half
Cargo volumes were back at 2019 levels in the first half of the year while revenues remained far above the levels of the last two years.The latest statistics from analyst WorldACD show that cargo volumes - in chargeable weight - in the first half of the year were at the ...
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InsightsRates stable in July but elevated prices expected into 2022
Image: ShutterstockAirfreight prices on major east-west trade lanes remained stable in July — albeit at a high level — and expectations are that pricing will remain elevated this year.The latest figures from the Baltic Exchange Air Freight Index (BAI) show that in July average airfreight rates from Hong Kong to ...
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News
IAG Cargo volumes continue to recover in the second quarter
IAG Cargo saw its revenues and volumes improve in the second quarter of the year but demand still lags pre-covid levels.Revenues for the period grew by 13.6% year on year to €419m, while cargo tonne kms (CTK) improved by 72.8% on last year to 999m and tonnes carried increased 55.8% ...
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NewsAAPA: Asia Pacific air cargo market "resilient" in June
The Asia Pacific region's air cargo market has remained resilient — a contrast to the "suppressed" passenger market, according to the Association of Asia Pacific Airlines (AAPA).AAPA's preliminary June 2021 air traffic figures show that international air cargo demand for Asia Pacific-based carriers, measured in freight tonne km (FTK), increased ...
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InsightsIATA: Strongest half-year cargo demand since 2017 but capacity remains constrained
IATA has highlighted the need to re-establish passenger network connectivity to boost bellyhold capacity and ultimately airline revenues, as cargo demand remains strong.Speaking at a media update this week, Ezgi Gulbas (pictured below), senior economist at IATA, said overall cargo demand in the first half of this year was 8% ...
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Tac Index adds new routes to freight rate data
Airfreight rate data provider Tac Indices has added several new routes to its service.The newly launched Tac routes include Vietnam-Europe, US-China, US-South America and US-Europe.Tac managing director John Peyton Burnett said: “Our newly launched routes have become important trade lanes for air cargo in recent years, and we are very ...
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NewsAir cargo gains from rising prices in ocean shipping
High ocean freight rates caused by service disruption is helping push forwarders and shippers to use airfreight.In its latest market summary, airline association IATA said that air cargo is benefitting from "exceptionally congested" container shipping supply chains.It pointed out that the cost-competitiveness of air cargo relative to that of container ...
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NewsCLIVE: Air cargo back on track for recovery
Source: CLIVE Data ServicesAir cargo demand returned to growth in June following a drop in May as a result of public holidays.The latest statistics from CLIVE Data Services show that air cargo demand in June increased by 1% compared with the same month in 2019 (used for comparison due to ...