All Data Articles – Page 21
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News
IATA: Lockdowns and capacity crunch cause worst year for air cargo demand
IATA has revealed that last year was the worst year for air cargo demand since it began recording air cargo trends in 1990.Looking back at air cargo's performance in 2020, the association reported a year-on-year decrease in air cargo demand, measured in cargo tonne-km (CTKs), of 10.6% — which is ...
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Airfreight rates remain elevated in January despite seasonal slowdown
Airfreight rates on key trade lanes declined in January compared with a month earlier but remain far above last year’s levels.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that average rates on services from Hong Kong to North America slipped to $6.43 per kg in January compared ...
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A record year for cargo at Miami International
Miami International Airport (MIA) set a new record for cargo volumes in 2020 thanks to an end of year surge in demand.Last year, the Florida airport saw its cargo volumes increase by 57,382 tons year on year to more than 2.3m tons.The airport highlighted an "exceptionally strong" end to the ...
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NewsAsian carriers see international cargo volumes drop 15% in 2020
Airlines based in the Asia Pacific region saw their international cargo volumes decline by more than 15% last year as the impact of the Covid-19 outbreak took its toll.Figures from the Association of Asia Pacific Airlines (AAPA) show that in 2020 international scheduled cargo traffic declined by 15.5% year on ...
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Hong Kong traders see Biden bounce for airfreight
Hong Kong traders are optimistic about the airfreight outlook, following the inauguration of Joe Biden as the US president, which might ease tensions between China and the US.That is the headline result of the latest DHL Hong Kong Air Trade Leading Index (DTI), a quarterly survey of more than 600 ...
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NewsCarriers quick to return cargo capacity to the market after Christmas
Air cargo capacity quickly recovered to pre-Christmas levels after a temporary dip over the break, according to the latest figures from Accenture's Seabury Consulting.The latest Seabury figures show that capacity across express carriers, freighter carriers and bellyhold operations dipped in the last week of the year (see chart) but was ...
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More than 150 aircraft reconfigured as mini freighters in 2020
Last year a total of 155 aircraft had seats removed in order to transport cargo in the cabin, according to figures from Cirium's Airline Insight Review 2020.The report found that the number of aircraft with seats removed in operation at any one time fluctuated throughout the year, with the peak ...
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NewsWorldACD figures highlight a changing air cargo market in 2020
The extent of the air cargo market's move away from bellyhold capacity in favour of freighters and the affect on rates have been highlighted in new statistics from WorldACD.Figures from the data provider show that from key markets, belly capacity decreased by an average of 51% year on year in ...
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Leipzig/Halle expects another busy year for cargo after a record 2020
Leipzig/Halle Airport handled record air cargo volumes last year and it is expecting further growth in 2021.The German airport saw its cargo volumes increase by 11.7% year on year to a record 1.4m tonnes. Growth was particularly significant during the fourth quarter; in December, the amount of freight handled increased ...
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Airfreight rates expected to remain elevated in 2021
Airfreight rates are expected to remain elevated in 2021 as the demand outlook remains uncertain and belly capacity is slowly re-introduced into the market.Writing in a Baltic Exchange market update, Bruce Chan, vice president – global logistics at investment bank Stifel, said that airfreight rates are likely to remain elevated ...
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NewsAir cargo continues to improve in November but Covid vaccine to add pressure
Air cargo demand continued to improve in November, while load factors remain high due to the loss of bellyhold capacity, according to the latest statistics from IATA.The airline association's data shows that during the peak season month, air cargo tonne kms declined by 6.6% compared with a year earlier. Over ...
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NewsCLIVE: Air cargo volumes return to growth in December
The air cargo industry ended 2020 on a positive note with weekly volumes growing for the first time in more than a year, according to CLIVE Data Services.The latest figures from CLIVE show that for the week ending on January 3, air cargo demand increased by 8% compared with a ...
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NewsWorldACD: Air cargo demand dips in November but rates rise
Air cargo's gradual demand recovery slowed in November, but there were signs that volumes were picking up again in December, according to data provider WorldACD.The company's data for the month of November shows that in "a year like no other" volumes declined by 12.6% year on year but rates experienced ...
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Forwarding market set to rebound in 2021
The global freight forwarding market experienced its most challenging year to date amid the Covid-19 pandemic, contracting 9% year-on-year. However, it is expected to rebound in the years ahead, according to industry analyst Transport Intelligence (Ti).With promising developments with regard to a Covid-19 vaccine, the International Monetary Fund (IMF) has ...
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NewsRecord cargo volumes for Budapest in November
Photo Budapest Airport Róbert BaranyiBudapest's Ferenc Liszt International Airport handled record cargo volumes in November following investment in its BUD Cargo City.Cargo traffic in November was was up by 6.3% year on year to 13,864 tons — a monthly record. Meanwhile, the volume of goods handled over the first 11 ...
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NewsAirfreight rates climb in November while belly capacity grows
The air cargo industry saw rates out of Hong Kong increase in November while the start of December has seen carriers re-introduce belly capacity.November figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Data show that in November average airfreight rates from Hong Kong to North America ...
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IATA: Load factor reaches record high as capacity crunch continues
The latest air cargo figures from IATA show that demand continued to recover in October, although not as strongly as in September.Meanwhile, industry-wide load factor reached a record high in October as the capacity crunch, driven by significantly reduced passenger services and bellyhold capacity, continued."The biggest problem for air cargo ...
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NewsCLIVE: Expected November peak "fails to materialise"
Air cargo's road to recovery took a slight hit in November, as "airlines' hopes of a boost failed to materialise".According to CLIVE Data Services' most recent figures, last month saw a 1% year-over-year fall in airfreight demand — the first decline reported in six months.In recent months, the gap in ...
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IATA: Cargo demand set to return to near 2019 levels next year
Air cargo volumes are expected to return to near 2019 levels next year, according to IATA’s latest market forecast.The airline association said that improved business confidence and the important role that air cargo should play in vaccine distribution is expected to see cargo volumes grow to 61.2m tonnes, essentially matching ...
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NewsMarket recovery slows in early November
The air cargo market's gradual recovery appears to have slowed in the first two weeks of November as demand and load factors plateaued, according to WorldACD data.Figures for the first half of the month show that volumes stood at 48% of the October total, meanwhile the average load factors for ...