All Data Articles – Page 22
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News
Cargo helps Emirates limit its losses
Emirates saw its cargo volumes decline in the first half of its financial year as carrying capacity was heavily reduced as a result of the grounding of much of its passenger operations.The Dubai-hubbed airline reported first half cargo volumes of 785,000 tonnes, which is down 35% compared with 2019 levels ...
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Air cargo demand helps Korean to Q3 operating profit
Air cargo demand helped Korean Air eke out an operating profit of W7.6bn ($6.5m) in the third quarter — its second consecutive profitable quarter since the coronavirus struck — but its overall revenue was down more than half from a year earlier.The W7.6bn operating result for the three months ended ...
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Operating profits take off at Lufthansa's cargo business
Lufthansa's logistics division saw profits massively improve on a year ago on the back of cost reductions and higher rates.The division, which includes Lufthansa Cargo and other businesses such as time:matters and Jettainer, saw third-quarter revenues decline by 2% year on year to €587m while revenue cargo tonne kms were ...
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NewsCargoAi: Investment in digitalisation a must following Covid-19
Matthieu Petot, CargoAi Source: CargoAiBooking platform CargoAi believes that the Covid-19 outbreak has accelerated the use of digital solutions in air cargo.The Singapore-based company's chief executive, Matthieu Petot, told Air Cargo News that it has doubled the size of the team of the last six months in response to growing ...
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IATA: Air cargo recovery speeds up in September as US recovers
The latest statistics from IATA show that the speed of recovery in air cargo increased slightly in September — and this improvement is expected to continue throughout peak season.Meanwhile, US-based carriers reported their first increase in demand for 10 months.According to the airline association, airfreight volumes measured in cargo tonne ...
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NewsCLIVE: End of October blip raises questions despite air cargo improvements
Air cargo demand continued to improve in October but a drop off in volumes towards the end of the month has raised some questions about the strength of the peak season.The latest figures from CLIVE Data Services show air cargo volumes for the month were 3% higher than September. October ...
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NewsDSV targets e-commerce with Prime deal while air cargo improves in Q3
DSV Panalpina has acquired e-commerce specialist forwarder Prime Cargo, while it has also announced continued growth in its airfreight business in the third quarter.The Denmark-headquartered forwarder has agreed to purchase Prime Cargo, including its activities in Denmark, Poland and China, from the Mitsui-Soko Group in Japan for an undisclosed sum.Prime ...
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News
Air cargo demand continued to rally in September
Air cargo demand continued its gradual recovery in September with figures heading back towards year-ago levels, according to data from WorldACD.Figures from the data provider show that demand in September was down 12.5% year on year, which brings "some reason for optimism". This compares with a 33% decline in demand ...
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NewsTIACA calls for an end to 'misleading' weight-based load factor
TIACA is calling for the air cargo industry to adopt the dynamic load factor developed by CLIVE Data Services over the "misleading" traditional weight-based system.The dynamic load factor methodology measures how full an aircraft is by considering both freight volume and weight, rather than just weight, as aircraft often reach ...
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NewsAirfreight rates out of Asia head back to early summer levels
Airfreight rates between Shanghai and North America last week reached their highest level since early June.The latest Tac Index figures show that average prices on services from Shanghai to North America increased by 26.2% week on week to reach $6.07 per kg.Meanwhile, prices from Hong Kong to Europe have climbed ...
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News
Leipzig reports record increase in airfreight volumes
Leipzig/Halle Airport recorded the strongest growth in volumes of airfreight in September for eight years as all-cargo operators continue to ramp up services at the airport.The German airport — Europe's fifth-busiest cargo hub and a major base for DHL Express — said its airfreight volumes increased by 18.6% year on ...
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NewsK+N reports improved airfreight market in Q3
Kuehne+Nagel's airfreight operating profits and revenues were up in the third quarter of the year on the back of improved market and despite a decline in volumes.The Switzerland-headquartered forwarder saw third-quarter air cargo revenues increase by 8.7% year on year to Sfr1.2bn, gross profits were down 4.3% to SFr315m and ...
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NewsH1 2020 top cargo airports: Hong Kong heads the list despite demand drop
Hong Kong maintained its place as the world's busiest cargo hub in a difficult first half of the year that saw demand decline across the world's top 10 freight hubs.The half-year figures recently released by Airports Council International (ACI) demonstrated the impact that the ground of passenger services as a ...
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NewsCLIVE: Gradual recovery in air cargo market that could turn toxic for shippers
Air cargo continued to make a gradual recovery in September, but the situation could be about to turn toxic for buyers of airfreight capacity, according to CLIVE Data Services.According to CLIVE, September saw chargeable weight transported decrease by 15% year on year, which is better than the 24% decline registered ...
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NewsBoeing lowers its expectations for air cargo but remains upbeat
Boeing has lowered its forecast for air cargo growth and the number of new and converted freighters that will be ordered over the coming two decades in its biennial market forecast.The airframer said that it expected air cargo to grow at a compound annual growth rate of 4% over the ...
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Airfreight rates stable in September as carriers add capacity
Airfreight rates on some of the world’s main trade lanes stabilised at an elevated level in September as carriers continued to slowly add cargo capacity.The latest figures from data provider TAC Index show that average rates on services from Hong Kong to North America were up 52.9% year on year ...
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NewsForwarding demand set for improvement but overall picture remains bleak
The freight forwarding market is expected to improve in the rest of this year but the overall picture "remains bleak", according to a new report from consultant Transport Intelligence (Ti).Ti said that in the first half of the year the global freight forwarding market contracted by 11.6% year-over-year in real ...
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News
IATA: Slow improvement in air cargo demand in August
The latest statistics from IATA show that air cargo volumes are improving only slowly despite a pick up in business indicators.According to the airline association, air cargo volumes in cargo tonne kms (CTK) declined by 12.6% year on year in August, which is a slight improvement on the 14.4% decline ...
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2020 in numbers: The year of freighters and preighters
The airfreight sector had just come out of its worst year for traffic in a decade, driven by weak global trade, with a 3.3% fall in freight tonne-kilometres (FTKs) during 2019, when the Covid-19 pandemic struck.Demand began to plummet in March, with a fall of almost 28% in April, before ...
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NewsCLIVE: Airfreight market improves for fourth consecutive month
The airfreight market has showed signs of improvement for the fourth consecutive month, CLIVE Data Services' and TAC Index's latest data has shown."Year-on-year growth during August showed a further narrowing of the gap in international air cargo volumes to -17% versus August 2019," the analysts said.By comparison, there was a ...