All Data Articles – Page 36
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News
Transpacific demand drives increase in airfreight rates
Demand growth on the transpacific trade lane helped boost airfreight rates to their highest level of the year so far in April.The latest figures from Drewry’s Sea and Air Shipper Insight report show that average all-in buy rates paid by forwarders to airlines on 28 east-west routes increased by 10.8% ...
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NewsAirfreight traffic growth back on track in April
Airfreight traffic growth was back on track in April after an "abrupt" slowdown in performance during March.The latest figures from IATA show that freight tonne kms (FTK) increased by 4.1% in April, compared with a “sharp fall” in growth during March to 1.8% — a 23-month low.The end of the ...
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NewsAsian cargo monthly: Carriers back on form in April
Asian airlines saw cargo demand growth improve in April after a weaker performance in March.The region’s largest carrier group, Cathay Pacific, registered a 7.9% increase in demand to 979m cargo and mail revenue tonne kms.This is up on the 4.9% increase recorded in March and is also ahead of growth ...
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NewsEuropean cargo monthly: April is a better month
IAG and Finnair saw cargo volumes return to growth in April, while Air France KLM and Lufthansa suffered from the effects of strike action.The IAG Group, which includes British Airways, Iberia and Aer Lingus, saw cargo demand increase by 3% year on year in April to 480m cargo ton kms.The ...
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NewsAirfreight rates continue to track ahead of 2017 levels in April
Air cargo carriers continued to see airfreight rates improve in April compared with a year earlier.According to the latest figures from data provider Tac Index, carriers offering cargo capacity on services from Hong Kong to North America saw prices increase by 14.8% year on year in April to $3.65 per ...
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NewsAsian cargo monthly: Traffic growth slows in March
March saw air cargo traffic growth at Asian carriers weaken after a slow pick up after the Chinese New Year and following on from similar trends at their European rivals and major hubs in the region.The largest cargo carrier group in the region, Cathay Pacific, saw total cargo traffic for ...
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NewsMarch sees air cargo growth slow to its lowest level in 22 months
Air cargo growth slipped to its lowest level in 22 months in March, with IATA citing the end of an inventory re-stocking cycle as the main reason for the slowdown.The latest figures from IATA show that air cargo traffic in freight tonne km (FTK) terms increased by 1.7% in March, ...
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News
Air cargo volumes up 4.8% during the first quarter
Global air cargo volumes improved in the first quarter but growth slowed as the period progressed as the effects of Chinese New Year continued into March.The latest figures from analyst WorldACD show that air cargo demand increased by 4.8% year on year during the first three months of the year.This ...
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News
March airfreight prices up on 2017 levels
Average airfreight rates in March are down on February’s levels but continue to track ahead of last year’s figure for the month.The latest airfreight price index from consultant Drewry’s Air and Shipper Insight report show that average all-in buy rates paid by forwarders to airlines on 28 east-west routes reached ...
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NewsAmerican Airlines reports Q1 cargo revenue growth
American Airlines is the latest US carrier to report strong financial performance for its cargo during the first quarter of the year, with revenues and traffic increasing at double-digit percentage levels.The Dallas-headquartered airline saw total first-quarter cargo revenues increase by 18.8% year on year to $227m.The revenue increase comes on ...
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NewsLufthansa reports another strong quarter for cargo on rate increases
Rate increases helped boost revenues at Lufthansa’s cargo and logistics business in the first quarter of the year.First-quarter figures from the Frankfurt hubbed aviation group show that its logistics business segment saw revenues increase by 12.7% year on year to €641m in the first quarter.This is ahead of a 4.6% ...
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News
K+N reports rapid airfreight growth boosted by acquisitions
Kuhne+Nagel (K+N) continued to report strong growth in its airfreight volumes during the first quarter of the year thanks in part to recent acquisitions.The world’s number two airfreight forwarder saw first-quarter volumes increase by 21% year on year to 422,000 tons as a result of market growth and the integration ...
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NewsEuropean cargo monthly: Demand growth weakens in March
European airlines saw cargo demand growth continue to weaken in March as some of the region’s top airlines registered demand decreases.The latest statistics from Air France KLM, IAG and Finnair all saw cargo volumes decline in March compared with a year ago, while Lufthansa reported weaker growth.Performance during the month ...
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News
Panalpina sees airfreight growth slow but profits takeoff
Freight forwarder Panalpina saw airfreight volume growth slow in the first quarter of the year, but profitability at the company was up.The Switzerland freight forwarder saw first-quarter airfreight volumes increase by 3% year on year to 241,000 tonnes, behind an estimated market growth of around 5%.The growth rate also lagged ...
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NewsUnited buoyed by improving cargo revenues
United Airlines Cargo saw cargo revenues improve by double-digit percentage levels during the first quarter of the year on the back of volume growth and higher rates.The Chicago-headquartered airline saw first-quarter cargo revenues increase by 23.1% year on year $293m – its sixth quarterly improvement in revenues in a row.Much ...
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News
European airports continue to report cargo growth in February
European airports saw cargo demand increase again in February, although there was a slowdown on growth levels recorded in January.The latest figures from Airports Council International (ACI) Europe show that freight demand increased by 5.7% year on year in February, down on January’s 8.7% uptick.This slowdown was to be expected ...
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NewsDelta sees cargo revenues soar in Q1
Delta Air Lines saw cargo volumes take off in the first quarter of the year, while revenues for the period reached their highest level since 2015.The Atlanta-headquartered airline saw total cargo revenues reach $202m, up 23.9% compared with a year earlier.This is the highest level first-quarter cargo revenues at the ...
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NewsIATA warns over protectionism as cargo traffic continues to grow
Air cargo traffic continued to improve in February, but IATA has again warned of the impact protectionism could have on the market.According to the latest IATA figures, cargo traffic in freight tonne km terms increased by 6.8% in February, while over the first two months of the year demand is ...
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NewsAirfreight rates flatten off in March but remain ahead of 2017 levels
Airfreight rates flattened off in March compared with a month earlier, although major routes out of Asia continue to track ahead of last year’s levels.The latest figures from TAC Index show that airfreight rates on service from Hong Kong to North America in March increased by 26.3% compared with the ...
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News
February cargo figures point to a good start to the year
Cargo demand growth slowed in February but performance over the first two months represented a “good start of the year”.The latest statistics from analyst WorldACD show that demand increased by 4.4% year on year in February, down on January’s 8.5%.However, this slowdown was to be expected as the Chinese New ...