All Data Articles – Page 28
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News
ACI EUROPE reports continued decline in airfreight volumes
European airport trade body ACI EUROPE has released air traffic statistics covering October, and its figures record that airfreight traffic through its European gateways fell by 2.6% year on year in the month.It was the 12th consecutive month of air cargo decline. The October figure was also 2.8% down on ...
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IATA: Air cargo set to return to growth in 2020
Airline association IATA has predicted that the cargo sector will return to growth next year, while airlines are also expected to improve their profitability.In its annual outlook, IATA said that freight volumes are expected to increase by 2% year on year in 2020 to reach 62.4m tonnes following on from ...
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Asia-Europe air cargo rates close in on 2018 levels in November
Airfreight rates on the Asia-Europe trade closed in on 2018 levels in November, but transpacific prices for the month still lag behind a year ago.The latest figures from TAC Index show that in November rates on services from Hong Kong to Europe declined by 3.3% year on year to $3.26 ...
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NewsIATA: Peak season off to a disappointing start
It's a slow start for peak season, but key market drivers show signs of stabilising, IATA has reported in its October airfreight market analysis report.Despite peak season being dominated by consumer-led holidays that impact the airfreight market – such as Singles Day, Black Friday, Cyber Monday and Christmas – October ...
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East Midlands Airport could link UK and China with direct cargo flights
Chinese officials are looking into the option of using the UK's East Midlands Airport (EMA), the UK's second-busiest cargo hub (Heathrow tops the list), as a cargo destination for direct flights from China.In October, a delegation from Leicestershire, including EMA’s managing director Karen Smart, had meetings in China with officials ...
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NewsDrewry East-West airfreight rates rose in October
Drewry’s East-West Airfreight Price Index nudged up by 3% to a reading of 93.0 in October, up from 90.8 in September.As the research and consultancy company predicted last month, all-in airfreight rates rose in October – to $2.74 from $2.67 per kg. However, this is 9% below the level of ...
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NewsAir cargo volumes down again in October
The latest figures from analyst WorldACD show that cargo volumes declined on a year earlier for the twelfth month in a row in October.WorldACD said the industry as a whole saw total chargeable weight decline by 5% year on year during the month, with general cargo slipping by 8.2% on ...
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NewsWTO: World trade continues to suffer
World trade is expected to remain “below trend” into the fourth quarter of 2019, according to the World Trade Organization’s (WTO) latest Goods Trade Barometer. That is not good news for an already ailing global airfreight industry.The indicator’s reading of 96.6 marks a slight improvement compared to the 95.7 registered ...
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News
Air cargo peak quickly peters out
The air cargo peak season appears to have quickly fizzled out this year, following on from two bumper years in 2017 and 2018.The latest freight rate data appears to show that the rise in prices experienced at the start of November has quickly flattened off.Tac Index figures show that prices ...
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NewsDHL sees Q3 airfreight volumes and revenues slide but profits rise
DHL Global Forwarding saw revenues and operating profits increase in the third quarter, despite a decline in airfreight volumes.The forwarder reported a 0.9% year-on-year increase in revenues to €3.7bn and earnings before interest and tax improved by 17% to €124m.Looking at its airfreight business, volumes for the third quarter were ...
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NewsAlibaba set for another record Singles' Day as it ups stake in Cainiao
Singles' Day sales reach RMB100bn in one minuteAlibaba Group Holdings has increased its stake in logistics business Cainiao to around 63% with a $3.3bn investment ahead of what is expected to be another record Singles' Day.Other existing shareholders also participated in the fundraising, demonstrating "strong support for Cainiao’s long term ...
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News
Peak season arrives as Asia-Europe rates take off
Airfreight rates on services between Hong Kong and Europe have started to pick up as the peak season finally gets underway.The latest figures from Tac Index show that in October the average price on services from Hong Kong to Europe reached $2.82 per kg, up from $2.56 in September.While average ...
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NewsIATA: Volume decline continues, but expected to level off
International freight tonne km growthMarket demand remains weak, IATA reports in its September 2019 figures.Industry-wide, volumes declined by 4.5% in September year on year. This recent slide, which follows a 3.9% decrease in volumes in August, marks the eleventh consecutive month of decline in airfreight volumes. Africa is the only ...
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NewsAsia Pacific airlines' cargo volumes under pressure in September
The latest figures from the Association of Asia Pacific Airlines (AAPA) show that cargo volumes remained under pressure in September.According to the association, its members saw cargo volumes decline by 6.5% year on year in September - roughly in line with performance for the rest of the year.Andrew Herdman, AAPA ...
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NewsKuehne+Nagel sees airfreight volumes decline again in Q3
Kuehne+Nagel saw airfreight volumes and revenues decline in the third quarter, but it managed to maintain profitability.The company reported a 7.5% year-on-year drop in third-quarter airfreight volumes to 406,000 tonnes, revenues declined by 6.7% on a year ago to SFr1.3bn but earnings before interest and tax (ebit) were flat at ...
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NewsAir cargo in longest slump since global financial crisis
Air cargo is now in its longest slump in demand since the global financial crisis in 2008.The latest figures from IATA show that demand in freight tonne km (FTK) terms declined by 3.9% year on year in August.IATA director general and chief executive said the figures were "deeply concerning".“The impact ...
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News
Shanghai airfreight rates improve as cargo switches from Hong Kong
The price of air cargo out of Shanghai airport has begun to improve over recent weeks as cargo volumes have shifted from Hong Kong to the Chinese hub.The latest figures from Tac Index show that prices from Shanghai to Europe last week increased by 4.7% compared with a week ago ...
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NewsAir cargo hits the ground with a bump in August
The air cargo industry was brought back to earth in August as freight volumes declined by 7.1% compared with a year earlier.Analyst WorldACD said that in July, there had been some hopes that air cargo could be on the road to recovery as it posted a decline of 4.2%, ...
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NewsAirbus ups freighter forecast as stored fleet remains historically low
Airbus is predicting demand for just over 850 new-build freighters over the next two decades in the airframer’s latest global forecast.The figure is slightly higher than the 826 listed in its previous 20-year forecast.Airbus chief commercial officer Christian Scherer, speaking during a briefing in London, said the figure was “not ...
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NewsTop 20 Cargo Hubs 2018: LA and Doha surge up the cargo field
There was no change among the world’s top five cargo gateways in 2018 but there was movement further down the table, reported Airports Council International.Hong Kong International Airport, Memphis International, Shanghai Pudong, Incheon and Ted Stevens Anchorage all held their positions from the previous year as the top five cargo ...