All Data Articles – Page 30
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NewsDigital platform FreightBro signs MoU with Middle East logistics group
NAFL MoU SigningIndia-based freight forwarder platform FreightBro has signed a Memorandum of Understanding (MoU) with The National Association of Freight and Logistics, (NAFL), Dubai, to help its 400 members to digitise their services.With this partnership, the forwarders in the Middle East region will be able to access import rates for ...
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Cathay Pacific Cargo says flexibility is key in tough market
Cathay Pacific believes that an agile approach to making network changes will help the carrier combat current weak market conditions.Writing in the airline's Cargo Clan publication, head of cargo markets and products John Cheng said that it is well known that cargo is a cyclical business and that "all signs ...
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Cargo volumes down at Cathay Pacific in May
The Cathay Pacific Group saw its cargo volumes decline again in May, with demand shrinking by 3.9% year on year to 168,270 tonnes.The cargo and mail load factor fell by 4.7 percentage points to 63.9%. Capacity, measured in available freight tonne kilometres (AFTKs), was up by 4.6% while cargo and ...
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European airports see sharp decline in cargo demand in April
European airports in April recorded their sharpest decline in freight traffic since January 2012.According to Airports Council International (ACI) Europe, airports in the region saw cargo volumes decline by 6.2% year on year in April.Over the first four months of the year, cargo demand in Europe is 3% behind a ...
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NewsTop 25 airfreight forwarders 2018: K+N continues to close in on DHL
The world’s largest airfreight forwarders had a bumpy landing in 2018 following on from a stellar 2017 (full chart at end of article).Based on figures from consultant Armstrong & Associates, the leading 25 airfreight forwarders recorded a 4.2% increase in volumes to 16.7m tonnes last year.In most years this would ...
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Index firm adds more rate data
Munich-based air cargo information specialist TAC says that its project to totally index the world’s major freight markets is a step closer with the publication of new routes from the US, Europe and Asia.It has added Singapore-South East Asia Heathrow to all airports in the US, Canada and Mexico, Heathrow-South-East ...
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Transpacific air cargo rate outlook clouded by tariff troubles
Airfreight rates on major trade lanes continued to show a mixed performance in May.The latest figures from TacIndex show that on the Hong Kong-North America trade prices declined by 4.4% year on year in May to an average of $3.71 per kg.The fact prices are down on last year should ...
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NewsAir cargo faces a bleak outlook as demand declines in April
Analyst WorldACD has warned that air cargo markets are continuing to erode as uncertainty grows.Numbers from the data firm show that cargo volumes (chargeable weight) declined by 5.4% year on year in April.WorldACD searched for some positives, but said that overall there was no avoiding the tough market conditions.“For quite ...
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NewsDemand falls but capacity continues to rise in global air freight market, IATA stats reveal
5G buffer zones will be implemented at 50 US airports. Photo: ShutterstockGlobal air freight capacity growth has now outpaced demand for the last 12 months, resulting in a freight load factor that is currently 3.5 percentage points lower than a year ago.The International Air Transport Association (IATA) April statistics show ...
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NewsAir cargo returns to growth but continues to face headwinds
Airfreight returned to growth in March after three months of year-on-year declines.IATA statistics show that air cargo demand in freight tonne km terms increased by 0.1% in March.While this is an improvement on February’s 4.9% contraction, demand for the first quarter is 2% down on a year ago.Meanwhile, freight capacity ...
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Airfreight rates begin their annual climb in April
Airfreight rates on the transpacific and Asia-Europe trades have begun their annual summer climb following on from the winter lull.Tac Index data shows that average airfreight rates on services from Hong Kong to North America reached $3.60 per kg in April, up from $3.38 per kg in March.For the last ...
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Cargo demand continues to shrink in March
Cargo demand declined again in March as the Asia Pacific region continues to stutter.Figures from WorldACD show that cargo demand in chargeable weight declined by 2.4% year on year in March, resulting in the first quarter registering a fall of 3.1%. General cargo in March was down by 4.8%, while ...
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NewsProfits tumble at Lufthansa's cargo business
Lufthansa’s cargo and logistics segment saw operating profits tumble in the first quarter as volumes declined and expenses increased.Lufthansa’s logistics segment, which includes Lufthansa Cargo and other businesses such as time:matters and Jettainer, saw first-quarter revenues decline by 4% year on year to €616m while earnings before interest and tax ...
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NewsCargolux reports record profits despite challenging market conditions
Cargolux B747-8FLuxembourg-based airline Cargolux saw net profits after tax increase by 72.7% year on year in 2018 to $211.2m thanks to its new ACMI operation, a record year for charter and demand for increased demand for specialist shipments.Consolidated revenues at the airlines for the year increased by 16.4% year on ...
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NewsPanalpina airfreight volumes improve in Q1 despite market decline
Panalpina has bucked market trends by reporting an increase in air cargo volumes in the first quarter of the year, while overall profits and revenues were also on the up.The company, which looks likely to merge with Denmark’s DSV, saw airfreight volumes increase by 8% in the first quarter to ...
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Cargo at Brussels down but up at Frankfurt in March
Brussels airport saw cargo volumes decline in March but Frankfurt managed to return to growth after two months of declines.Brussels saw pure air cargo volumes decline by 12% year on year in March to 44,532 tonnes, with the airport blaming industrial action by air traffic controllers and general slowdown in ...
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Revenues take-off at Virgin Atlantic Cargo in 2018
Virgin Atlantic Cargo saw revenues increase by 13% year on year in 2018 as it achieved its strongest revenue performance in the last five years.In total, the airlines registered cargo revenues of £222m on the back of a 6% increase in volumes to more than 244,000 tonnes, the airline’s best ...
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Turkish Cargo beats the February blues with demand increase
Turkish Cargo managed to record an increase in cargo demand in February despite the overall industry reporting a decrease.The airline said its cargo volumes increased by 9.6% year on year during the month, according to figures from analyst WorldACD, while the overall industry registered a 5.8% decrease.During the first two ...
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Airports see cargo volumes decline further in February
Major airports suffered another month of traffic declines in February, with the world’s largest airfreight hub reporting a double-digit percentage decrease on a year earlier.Hong Kong International Airport saw cargo volumes decrease by 14.4% year on year in February to 274,000 tonnes due to “unfavourable macroeconomic conditions”.Figures in the first ...
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A mixed picture for rates as air cargo shows some signs of a pick-up
Airfreight rates on the transpacific trade are expected to begin picking up over the coming weeks after hitting their low point for the year.The latest data from Tac Index shows that average prices between Hong Kong and North America stood at $3.38 per kg in March.However, derivatives broker FIS said ...