All Data Articles – Page 19
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News
IATA: Volumes outperform pre-Covid levels, but pace slows in May
IATA has reported in its latest market analysis that air cargo volumes in May continued to outperform pre-Covid (2019) levels - although the pace in demand in May was slower than that in April.Global air cargo demand in May 2021, measured in cargo-tonne kms (CTKs), was reported as 9.4% higher ...
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News
Airfreight market set to get worse before it gets better for buyers
Buyers of airfreight capacity should expect the market to get worse before it gets better, according to Bruce Chan, vice president of global logistics at investment bank Stifel.Writing in the Baltic Exchange monthly market summary, Chan said that belly capacity is not expected to return until 2023 at the earliest.And ...
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Insights
Air cargo rates cool in June for summer slowdown
Air cargo rates settled down in June as the industry entered a seasonal slowdown in demand, but airlines and forwarders appear to be expecting a busy peak season. The latest figures from the Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in ...
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NewsWorldACD: Air cargo demand on the up but with regional variances
Air cargo demand continues to track in line with 2019 levels but regional performance is mixed, according to WorldACD.The data provider's latest numbers show that air cargo demand in chargeable weight was in May around 1% below 2019 levels — used for comparison given Covid's impact in 2020 — and ...
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NewsTop 25 Forwarders: DHL stays at the top despite volume decline
DHL Global Forwarding maintained its position as the leading airfreight forwarder last year despite volumes dropping, while Kuehne+Nagel (K+N) looks set to nab the top spot in the coming years and DSV Panalpina continues its rapid rise up the table (see full table below).The latest annual market figures from consultant ...
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Insights
IATA: Air cargo remains the "good news story" for the air transport sector
IATA has reported in its latest market analysis that air cargo volumes in April this year continued to outpace pre-Covid (2019) levels.The association said this was largely due to the strong performance of carriers based in North America, the Middle East and Africa.Global air cargo demand in April 2021, measured ...
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News
Air cargo rates set to stay elevated during summer lull
Airfreight rates cooled as the month of May progressed but this is unlikely to signify the start of a return to pre-Covid levels.The latest figures from the Baltic Exchange Air Freight Index (BAI) show that rates from Hong Kong to North America increased to $8.70 per kg in May from ...
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NewsCLIVE: Did the air cargo recovery stall in May?
The recovery of the air cargo market appeared to stall in May, the latest figures from CLIVE Data Services suggest.The data provider's figures show that air cargo demand dropped by 4% in May compared with the same month in 2019 (2019 is used for comparison purposes given last year's volatile ...
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News
Spire and TAC team up on air cargo capacity data service
Data analytics firm Spire Global and rate data provider TAC Index are teaming up to offer available air cargo capacity on various different routes.The two companies have formed a strategic partnership to support the launch of TAC Space, which will offer insights built from live tracking of global air cargo ...
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NewsWorldACD: Air cargo sees "some kind of normality" in April
Global airfreight volumes and capacity were up in April 2021, the latest figures from analyst WorldACD, suggesting — as with March figures — "some kind of normality".Global demand in April was up 53% on a year ago, while widebody capacity was up by 51%, reflecting the collapse in bellyhold networks ...
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News
Transpacific airfreight rates climb in April
Airfreight rates from Hong Kong to North America took off in April as a combination of capacity shortages and rising demand hit the market.Baltic Exchange Air Freight Index (BAI) figures show that in April the average price on services from Hong Kong to North America increased by 54.7% compared with ...
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NewsCLIVE: Air cargo bounces back in April
Air cargo volumes returned to pre-covid levels in April after a drop off in March while the overall market remains strained, according to the latest statistics from CLIVE Data Services.Figures from the data provider show that cargo tonnages increased by 1% in April compared with the same month in 2019 ...
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News
IATA: Cargo demand at "all time high" but capacity is yet to recover
Air cargo volumes in March reached an all-time high for the month, according to IATA in its latest air cargo analysis.The association said that global air cargo demand, measured in cargo-tonne kilometres (CTKs) was 4.4% higher in March 2021 than in March 2019, which was used for comparison to avoid ...
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NewsDHL Global Forwarding sees airfreight revenues and profits soar in Q1
Deutsche Post DHL Global Forwarding has reported large increases in its airfreight revenues, profits and volumes in the first quarter as higher demand and lower capacity benefited the company.The forwarder, which could this year lose its status as the airfreight market leader due to Kuehne+Nagel's plans to acquire Apex, saw ...
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News
E-commerce demand boosts Cargojet in Q1
Cargojet saw revenues and profits increase in the first quarter of the year as it continued to benefit from a boom in e-commerce demand.The Canada-based aircraft owner and operator saw first-quarter revenues increase by 30.3% year on year to C$160.3m, earnings before interest and tax were up from a C$0.9m ...
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News
DSV Panalpina airfreight volumes slide in first quarter
DSV Panalpina saw its airfreight volumes decline in the first quarter of the year despite growth in the overall market.The forwarder's air volumes for the period declined by 6.6% year on year to 336,307 tonnes, while the overall market is estimated to have grown by 5-7% as it bounced back ...
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NewsK+N records first airfreight volume increase in two years
Kuehne+Nagel (K+N) saw quarterly air cargo volumes increase for the first time in more than two years, while revenues and operating profits were also on the up.The Switzerland-headquartered freight forwarder recorded a 16% year-on-year increase in first-quarter airfreight volumes to 433,000 tonnes as the market bounced back from a pandemic-related ...
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NewsHong Kong loses cargo hub top spot to Memphis
The world's largest cargo hubs saw demand increase last year despite the Covid outbreak, while US express hub Memphis surpassed Hong Kong to become the world's largest cargo hub (full charts below).Preliminary statistics from Airports Council International (ACI) show the the top ten air cargo hubs in 2020 saw volumes ...
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News
Hong Kong-North America rates soar as capacity crunch tightens
Average airfreight rates on services from Hong Kong to North America last week breached the $9 per kg mark as stricter quarantine rules and strong demand hit the market.The latest figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Index showed that average prices from Hong Kong ...
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NewsWorldACD: March a mixed month for air cargo
March was a month of two halves for air cargo in terms of year-on-year performance as 2020's lockdowns began to skew comparisons, according to data provider WorldACD.The latest figures from WorldACD show that demand in March was 21% up on last year. However, in the first half of the month ...