All Data Articles – Page 25
-
News
Rates from Hong Kong decline but continue to climb from China
Airfreight rates from Hong Kong to the US fell last week while pricing out of China continues to increase as airport congestion continues.The latest statistics from TAC Index show that last week average prices from Hong Kong to North America dropped by 23.4% compared with a week earlier to $6.49 ...
-
News
Cathay Pacific cargo volumes fall by almost 50%
Cathay Pacific saw its cargo volumes decline by 48.3% year-on-year in April, but since then it has ramped up capacity.The decline meant that the Hong Kong-hubbed airline group handled a total of 84,634 tonnes during the month.Meanwhile, cargo and mail revenue tonne kms slipped 37.3% year on year in April ...
-
NewsWorldACD: Air cargo revenues up but volumes down in April
Air cargo revenues and yields continued to improve in April, despite a drop of in volumes of more than 30%, according to WorldACD.Global air cargo revenues increased in April; by 36% year on year when compared with April 2019 and by 26% when compared with March 2020.However, chargeable airfreight weight ...
-
News
Transpacific airfreight capacity now ahead of last year
Cargo capacity on the transpacific trade lane is now higher than it was a year ago.Figures from Seabury Consulting, part of Accenture, show that metric tonne cargo capacity from Asia Pacific to North America was last week 18% higher than a year ago, while in the opposite direction space for ...
-
NewsDP DHL says the outlook is cloudy as forwarding revenues take a hit
Deutsche Post (DP) DHL said the coming months are difficult to predict due to the coronavirus outbreak, while its airfreight forwarding business saw revenues and profits decline in the first quarter.DHL Global Forwarding saw its first quarter airfreight revenues fall by 3.9% year on year to €1.1bn, volumes declined by ...
-
News
Asia-Europe airfreight rate growth shows signs of slowing
Airfreight rate increases between Asia Pacific and Europe showed signs of slowing down last week as coronavirus lockdown measures began to be eased.Data from TAC Index shows that last week average airfreight rates from Shanghai Pudong to Europe declined by 4.5% on a week earlier to $9.98 per kg.This is ...
-
News
Emirates' cargo volumes slide as group predicts 18-month recovery time
The Emirates Group saw cargo volumes and revenues decline at its airline and ground handling businesses as last year's trade war and the coronavirus outbreak hit performance.In its 2019/2020 annual report, Emirates SkyCargo saw cargo revenues decline by 14% year on year to $3.1bn, while volumes declined by 10% on ...
-
NewsIAG Cargo revenues down but yields up in 'unprecedented' market
IAG Cargo saw revenues and volumes decline at double-digit percentage levels in the first quarter but yields improved as the coronvirus outbreak affected performance.The airline group's cargo business saw first-quarter revenues slip by 10.5% year on year to €246m, volumes declined by 14.9% to 148,000 cargo tonnes sold, but yields ...
-
NewsCLIVE: Do April's air cargo volumes offer a glimmer of hope?
While air cargo volumes diminished rapidly in March, new data for April offers some hope that leading economists are right and the decline in the global economy is ‘bottoming out’.CLIVE Data Services’ ‘dynamic load factor’ for April of 67%, based on both the volume and weight perspectives of cargo flown ...
-
News
Turkish Cargo continues to outpace the market
Turkish Cargo achieved the highest growth rate among the top 25 air cargo carriers in February, according to IATA statistics.The Istanbul hubbed carrier said that it achieved a 16.6% year-on-year increase in cargo traffic — in freight tonne kms (FTK) terms — during the month, while the overall market is ...
-
News
Forwarders' air divisions predicted to be hit hardest by Covid-19
The freight forwarding market could contract by more than 7% this year as a result of the coronavirus outbreak, according to a worst case scenario projection from consultant Transport Intelligence (Ti).A white paper published by Ti also predicted that the air cargo part of forwarders' businesses could take the hardest ...
-
NewsFigures highlight extent of air cargo's move to freighters
The latest figures from WorldACD have confirmed expectations of a near 20% decline in cargo demand in March, but have also highlighted the extent that the industry has increased its use of freighter aircraft since the coronavirus outbreak.Figures from the data provider show that the number of flights performed with ...
-
News
Asian airlines record a 20% drop in cargo demand in March
Airlines in the Asia Pacific region saw cargo traffic decline by 21.1% year on year in March as the effects of the coronavirus began to bite.Statistics from the Association of Asia Pacific Airlines (AAPA) show that while demand dropped in March by more than 20% on a year earlier, capacity ...
-
News
Air cargo rates from Hong Kong surge
Airfreight rates out of China continued to climb last week, while prices from Hong Kong were also on the up as shippers looked to tranship through the world's largest air cargo hub.The latest figures from TAC Index show that last week average air cargo rates from Shanghai to North America ...
-
NewsK+N airfreight volumes slide in Q1 as Covid-19 takes its toll
Kuehne+Nagel (K+N) saw its airfreight volumes, revenues and operating profits decline in the first quarter of the year as the coronavirus outbreak took its toll on performance.The Switzerland-headquartered freight forwarder's airfreight business saw first-quarter revenues fall 6.8% to SFr1.1bn. Meanwhile, earnings before interest and tax (ebit) was down 5.8% to ...
-
NewsPPE 'mayhem' continues to push China air cargo rates
Air cargo rates out of China increased again last week as demand for the transport of personal protective equipment (PPE) continued to surge.The latest figures from TAC Index show that average air cargo rates from Shanghai to North America last week increased by 9.7% on a week earlier to reach ...
-
NewsAll-cargo hubs climb up the list of Europe's busiest airports
Freighter hubs have climbed their way up the list of Europe's busiest airports over recent weeks due to the number of all-cargo movements staying flat compared with a reduction in passenger flights as a result of the coronavirus outbreak.The latest statistics from Eurocontrol show that the drop in demand for ...
-
News
Baltic Exchange to add airfreight pricing index
Derivatives trading platform Baltic Exchange will adopt TAC Index airfreight rate data to publish its first index of airfreight prices along major air trade lanes.The Baltic Exchange, which traces its routes back to the 1700s, provides benchmark assessments for the maritime markets which are used to settle billions of dollars-worth ...
-
News
TAC Index: Air cargo pricing from China surges again
Airfreight rates from Shanghai to Europe and the US surged again last week as capacity on the trade lanes remained tight.The latest statistics from TAC Index show that prices on services from Shanghai to North America last week increased by 9.3% week on week to $6.95 per kg, which is ...
-
NewsWorldACD: March, a month like no other in air cargo history
WorldACD has outlined that after the 2.7% drop in airfreight demand that it reported in January/February, March saw a decrease in chargeable weight of 17.7%, despite the first week of March being the best-performing this year so far.The Asia Pacific and the Americas regions fell least, with -12% and -17% ...