All Data Articles – Page 31
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NewsIATA reports another decline for air cargo in February
Air cargo traffic declined again in February as the industry had its weakest month in terms of growth in the last three years and load factors tumbled again.Data from IATA shows that freight tonne kms declined by 4.7% year on year in February, while freight capacity was up by 2.7%. ...
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Another demand decline for air cargo in February
Air cargo continued to see airfreight demand decline on a year ago in February, with the Asia Pacific region coming under particular pressure.WorldACD figures show that in February air cargo demand in terms of chargeable weight decreased by 5.8% year on year, while cargo load factors were down by three ...
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NewsFIATA issues best practice guide to fight cybercrime
Picture: FIATAThe International Federation of Freight Forwarders Associations (FIATA) has released its “Best Practice Guide on Prevention of Cybercrime” for its members and the industry at large.Said a FIATA spokesperson: “Cybercrime continues to manifest its impact on international logistics and supply chain management systems.”It has issued the practice guide “in ...
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European air cargo demand growth sluggish in February
Cargo volumes at European airlines remained weak in February as the industry braces itself for a tough year.Europe’s largest combination cargo carrier group, Lufthansa, saw cargo volumes for the month decrease by 3.5% year on year to 802m revenue cargo tonne kms, despite capacity increasing by 7.7%.However, this was an ...
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NewsSome 40% of shippers unaware of dangerous goods regulations
IATA head of cargo Glyn Hughes at the IATA World Cargo Symposium 2019 in SingaporeA large number of shippers, some 40%, admitted to being unaware of the dangerous goods regulations governing airfreight.That statistic, drawn from the latest IATA shipper survey, was described as “a very alarming figure” by IATA’s head ...
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IATA downgrades air cargo growth forecast to 2%
IATA has slashed its outlook for cargo growth over the coming 12 months as the US-China tariff dispute took more of a toll on performance than expected.Speaking at the IATA World Cargo Symposium in Singapore, the organisation’s chief economist Brian Pearce lowered its growth projection for freight tonne kms (FTK) ...
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Only connect: Supply chain collaboration call at WCS
Greater digital collaboration across air cargo’s supply chain and a need to speed up the digitisation process were two key themes raised in the opening session of IATA’s World Cargo Symposium in Singapore.Singapore Airlines’ chief executive Goh Choon Phong called for “pushing the pace” of digitisation in air cargo and ...
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Airfreight rate growth plateaus in February
Airfreight rate growth on major east-west lanes appears to have plateaued in February as the cargo market has had a weak start to the year.Figures from data provider Tac Index show that rates on the transpacific and the transatlantic both declined on year ago in February, while on Asia-Europe there ...
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Air cargo demand at three year low in January
Air cargo suffered its worst January in three years as the industry continues to face “significant headwinds”.Figures from IATA show that January saw airfreight traffic declined by 1.8% year on year in freight tonne km terms, which the airline association said was the worst performance in the last three years, ...
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Perishables, pharma and high-tech mitigate January drop in total air cargo volume
January 2019 another volume drop in total chargeable air cargo weight, this time of 2% year on year (YoY), coupled with a dollar yield drop of 2.5%, confirming a trend seen over a number of months said market analyst WorldACD in its latest report.The smaller regions of Africa and Central ...
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NewsRecord year for airfreight at Panalpina but no updates on DSV and Agility talks
Panalpina's latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in the company's history, but there is no further update on its potential takeover or merger.The Switzerland-headquartered freight forwarder reported a 9.1% increase in revenues to SFr6bn, earnings before interest and ...
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Losses deepen at CEVA as one-time items hit profitability
CEVA Logistics reported another loss in 2018 as “various one-time items” took their toll on company financial performance.The forwarder, which last year had box line CMA CGM become a strategic partner following an IPO, saw revenues for the year increase by 5.2% year on year to $7.4bn, earnings before interest, ...
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NewsKuehne+Nagel full-year profits helped by "outstanding" airfreight
Kuehne+Nagel reported increases in revenues and profits last year as its airfreight division “continued its outstanding development”.The world’s largest forwarder saw its revenues for 2018 increase by 11.7% year on year to SFr24.8bn, while earnings before interest and tax (ebit) was up 5.3% to SFr987m and net profit jumped by ...
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Asia Pacific carriers report weak January for international cargo
International air cargo markets weakened further in January 2019, with Asia Pacific airlines seeing demand fall 3.8% year on year in freight tonne kilometres (FTK).Releasing its preliminary traffic figures for the month, the Association of Asia Pacific Airlines (AAPA) said that the decline in airfreight was due to “global new ...
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Expeditors reports on steady fourth-quarter performance
Seattle, Washington state-headquartered forwarder Expeditors International has released fourth-quarter 2018 results that included an 18% year on year improvement in revenues and 9% improvement in operating income.Airfreight volumes handled were up by 2% on those of the same quarter of 217.President and chief executive Jeffrey Musser observed: “The fourth quarter ...
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European Cargo Monthly: Tough start for Lufthansa and AF KLM
Lufthansa Cargo and Air France KLM have had a tough start to the year, with both reporting declines in freight traffic figures in January.German carrier group Lufthansa saw cargo traffic decline by 5% year on year in January to 767m revenue cargo tonne kms (RCTK).Meanwhile, capacity increased by 7% resulting ...
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Heathrow looks back on record 2018
The operator of London Heathrow Airport, Heathrow Airport Limited (HAL), has said that 2018 was a record year for the UK’s biggest and busiest air gateway.As well as handling a record number of passengers (80.1m), it also enjoyed an increase in revenue and profits compared to 2017.However, the picture was ...
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Cathay Pacific suffers decline in January’s cargo
Cathay Pacific Group saw its cargo volumes fall in January compared to the same month of 2018.Cathay Pacific and sister carrier Cathay Dragon carried a total of 166,735 tonnes of cargo and mail last month, a fall of 3.4% year on year.Capacity, as measured in available freight tonne-kilometres, increased by ...
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Mixed results for AF KLM Cargo
The Air France-KLM airline group has reported its 2018 full-year results, which paint a mixed picture with cargo volumes down but revenues up.In terms of its freight-related operations, over the course of the year cargo volumes fell by 0.1% compared to 2017 to 1.14m tonnes, while revenues rose by 4.1% ...
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Hong Kong the latest airport to report weak start to the year for cargo
The world's busiest airport for cargo, Hong Kong, saw freight volumes decline by 4.2% in January to 401,000 tonnes."Uncertain global economic conditions contributed to decreases in cargo volume in January," the airport said.Imports and transhipments were affected the most, registering 8% and 6% year-on-year drops, respectively.Amongst key trading regions, cargo ...