All Data Articles – Page 27
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News
Cathay Pacific under pressure as cargo volumes fall
Cathay Pacific saw its cargo volumes decline in January, while it also warned that financial results will come under pressure.The airline group handled cargo volumes of 151,964 tonnes in January, which represents a decline of 8.9% year on year.Meanwhile, the cargo load factor for the month was down by 1.4 ...
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Airfreight rates show signs of improvement in January
Airfreight rates showed signs of improvement in January, but the outlook is clouded by the timing of the Chinese New Year and the impact of the coronavirus.The latest data from Tac Index shows that in January prices on services from Hong Kong to Europe were level with a year earlier ...
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A record year for cargo at Chicago Rockford
Chicago Rockford International Airport (RFD) handled record volumes of cargo last year helped by the expansion of Amazon Air operations.The Illinois airport saw cargo volumes grow by 11% year on year in 2019 to reach just over 1m tonnes.In just five years, RFD has tripled the amount of cargo landing ...
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NewsSupply chain professionals fear a recession in 2020
A new survey shows that the majority of supply chain industry executives anticipate a recession in 2020 amid concerns about downward pressure on global trade volumes, uncertain growth prospects, and ongoing friction between the US and China.According to the latest Agility Emerging Markets Logistics Index, 64% of industry professionals surveyed ...
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NewsEarly Chinese New Year takes a toll on January's cargo figures
The early Chinese New Year helped pull down cargo volumes and load factors in January, according to CLIVE Data Services.The analyst said that in the four weeks to February 2, cargo volumes declined by 4% year on year, while the dynamic load factor slipped by two percentage points compared with ...
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NewsIATA: Worst year for air cargo since 2009 financial crisis
Recent airfreight trends have been maintained, IATA's latest market analysis detailing full-year results for 2019, has reported. Meanwhile, the impact of the coronavirus on the aviation sector continues to cause uncertainty for the future.Industry-wide freight tonne kms (FTK) for the year declined by 3.3% year on year, while available freight ...
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NewsAsian airlines face an uncertain start to the year after cargo falls in 2019
Asian airlines saw cargo traffic fall last year and face an uncertain start to 2020 as the coronavirus impacts travel.Figures from the Association of Asia Pacific Airlines (AAPA) show that international air cargo demand as measured in freight tonne kilometres (FTK) fell by 5.1% in 2019.Offered freight capacity grew by ...
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Worldwide cargo revenues fell 11.7% in 2019
December 2019’s worldwide air cargo chargeable weight fell 1.7% year on year (YoY) while 2019 full year dollar revenues dropped 11.7% over boom year 2018.The December volume figure was the smallest decrease since January 2019, but in its latest market data report, Netherlands-based analyst WorldACD said: “The year ended with ...
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Schiphol sees cargo volumes slide on fewer freighters and tough market
Schiphol saw its cargo traffic drop last year as reduced freighter flights and weaker market conditions took their toll.Total cargo volumes for 2019 dropped by 9% year on year in 2019 to 1.6m tonnes.Full freighter volumes fell by 13.2% to 0.85m tonnes while belly cargo volumes dropped 2.3% to 0.7m ...
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Logistics industry continues to view US-China trade war as biggest threat
The logistics industry continues to see the trade war between the US and China as the biggest threat to global economic growth, despite the two countries recently signing phase one of a trade agreement.A survey of 330 logistics and supply chain professionals, carried out by logistics firm Agility and consultancy ...
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NewsCLIVE Data Services: Airline cargo load factors 35% higher than reported
The global utilisation of air cargo capacity is 35% higher than the traditional industry indicator suggests, according to a new data services company.CLIVE Data Services has called on the industry to "refresh" the way it views cargo load factors to strengthen the airlines’ voices with all stakeholders, not least airports, ...
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A tough end to the year for cargo at Europe's major airlines
The end of year traffic figures from European airlines sum up what a tough year 2019 was for the air cargo business.Figures just released by Lufthansa show that cargo carried by its various airline businesses in 2019 was down by 2.1% year on year to 10.7bn revenue cargo tonne kms ...
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Air cargo contracts expected to be at lowest level for four years
The baseline price of airfreight ACMI and block-space agreements are expected to be negotiated at their lowest level in four years despite expectations of a pick up in 2020.Speaking to Air Cargo News, Peter Stallion of airfreight derivatives broker Freight Investor Services (FIS) said that contracts tended to be negotiated ...
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Brussels Airport sees cargo demand slide by 8.8% in 2019
Brussels Airport saw its cargo volumes decline last year, but there was an improvement as the year drew to a close.The Belgian hub recorded an 8.8% year-on-year decline in cargo traffic to 667,220 tonnes in 2019, which it said was in line with the general market.Full freighter volumes, which the ...
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NewsA record year for cargo at Liege
Liege AirportLiege Airport handled a record amount of air cargo last year as it attracted a host of new freighter services.The Belgian airport handled a total of 902,480 tonnes in 2019, which represents a 3.6% increase on 2018's 870,644 tonnes.The airport pointed out that it had achieved the growth despite ...
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NewsIATA: Pressure appears to have eased on declining airfreight market
IATA's latest airfreight market analysis, which details figures for November 2019, noted that industry-wide freight tonne kms (FTKs) dipped by 1.1% year on year. This marked the 13th consecutive month of year-on-year decline in airfreight volumes.However, November's performance was also the best in eight months, because it showed the slowest ...
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A tough year for air cargo rates but some positives
Airfreight rates on major east-west trade lanes ended the year behind 2018 levels, but the picture is more positive when taking a longer term perspective.Data from TAC Index shows that in December rates on services from Hong Kong to North America declined by 22.6% on last year to an average ...
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NewsAir cargo showed signs of life as 2019 drew to a close
The air cargo industry began to show signs of emerging from its slump as last year headed towards its conclusion.Data from analyst WorldACD showed that cargo demand in chargeable weight declined by 2.5% in November, an improvement on declines of 6.9% in August, 5.3% in September and 4.7% in October.Meanwhile, ...
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NewsAirfreight rates continued to climb as year came to a close
Airfreight rates continued to climb in November as average prices reached their highest level in 2019.The latest east-west airfreight price index from consultant Drewry's Sea and Air Shipper Insight report showed that prices reached $3.02 per kg in November – the highest level since December last year.The fact that 2019 ...
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NewsACI World reports on disappointing October cargo figures
Airports Council International (ACI) World, the representative body for airports around the world, has reported that the retraction in the global air freight industry continued in October, with volumes falling by 2.9% year on year across the world.This was a slight improvement over September’s figure of -4%, however, and quite ...