All Data Articles – Page 37
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News
Airfreight rate boost in February
Airfreight rates increased in February compared with January for only the second time in the last six years.The latest figures from analyst Drewry's Sea and Air Shipper Insight report show that average rates on 28 major east-west routes increased to $2.84 per kg in February compared with $2.76 per kg ...
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European Cargo Monthly: growth slows in February
Cargo demand at European airlines seemed to plateau in January, with only Lufthansa reporting a demand increase of note.The latest monthly figures show that IAG Cargo registered a decrease in traffic, there were small improvements at Finnair and Air France KLM (AF KLM) and Lufthansa registered a larger improvement. Performance ...
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Forwarders enhance digital sales platforms but there is more work to be done
Major freight forwarders continue to make progress in developing online sales offerings but there is much more work to be done if they are to capitalise fully on the opportunity presented.The latest annual survey by freight rate portal Freightos looked at the online offering of the world’s top 20 freight ...
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Asia Pacific carriers continue to see cargo demand surge
Asian air cargo carriers continued their strong start to the year in February, while there is optimism for the coming months.February traffic figures released by the Association of Asia Pacific Airlines (AAPA) show that cargo increased by 7.3% year on year in February to 5bn freight tonne kms.Over the first ...
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NewsAsia Cargo Monthly: February figures confirm good start to the year
Asian carrier’s cargo performance in February has confirmed a strong start to the year for the region.January’s figures suggested that airlines in the region had got off to a good start. However, question marks remained as performance in the first two months can be affected by the timing of the ...
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NewsSolid start for air cargo but concern as trade war looms
Air cargo started 2018 with robust growth as demand drivers remained supportive, but a potential trade war could hinder growth in the future.The latest figures from IATA show that cargo traffic in freight tonne km terms increased 8% year on year in January, up on the 5.8% improvement registered in ...
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Panalpina sees profits soar on record airfreight volumes
Panalpina reported revenue and profit increases last year on the back of record airfreight volumes, while it will continue to target “bolt-on” acquisitions.The Switzerland-based freight forwarder saw 2017 revenues increase 6.5% year on year to Sfr5.5bn, while earnings before interest and tax (ebit) climbed 26.1% to Sfr103m and profits were ...
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News
Airfreight rates start the year ahead of 2017 levels
Airfreight rates started the year ahead of 2017 levels but are expected to weaken in February in line with seasonal trends.The latest figures from the Drewry Sea and Air Shipper Insight report shows that average global airfreight prices stood at $2.76 per kg in January, representing a year-on-year increase of ...
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Air cargo demand grows ahead of expectation in January
Air cargo demand and revenues improved in January, but it is too early to tell whether this foreshadows another strong year for air cargo.The latest figures from WorldACD show that worldwide cargo volumes increased by 8.5% year on year in January, compared with growth predictions for the year of around ...
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NewsAirfreight rates up on 2017 levels in February
Airfreight rates on major transpacific, Asia-Europe and translatlantic routes continued to track ahead of 2017 levels in February, despite demand slackening off.The latest figures from TAC Index show that February airfreight rates on services from Hong Kong to North America increased by 42.5% year on year to $3.62 per kg. ...
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NewsAsia cargo monthly: Cargo carriers off to a flying start
Asian airlines started the year strongly with many of the region’s major carriers reporting stronger growth than they achieved last year.The region’s largest cargo carrier group, Cathay Pacific, saw cargo demand increase by 10.5% year on year in January to 954m cargo and mail revenue tonne kms.This represents the group’s ...
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News2017 ends on a high for Air France KLM Cargo
Air France KLM Cargo (AF KLM) ended the year on a high as quarterly revenues reached their highest level since 2016.The Franco Dutch airline saw fourth-quarter 2017 cargo revenues reach €583m, up 6.8% year on year. This is the highest quarterly level since the fourth quarter of 2016.For the full ...
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NewsEuropean air cargo monthly: Mixed start to the year for European carriers
It was a mixed start to the year for European carrier’s cargo businesses, with Lufthansa seeing a surge in demand while IAG registered a decline.Frankfurt-hubbed Lufthansa Cargo got off to a flying start as it saw air cargo demand increase by 9.3% year on year in January to 807m revenue ...
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News
DSV airfreight volumes up 10% in 2017
Global freight forwarder DSV saw its airfreight volumes increase by 10.6% year on year in the fourth quarter of 2017, to 635,655 tonnes, as the industry recorded its strongest performance in nearly 10 years.The company said: “The high growth in the air freight market led to tight capacity and rate ...
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NewsAirfreight rates start the year ahead of 2017 levels
Airfreight rates started 2018 ahead of last year but there were some signs of a slowdown in line with seasonal demand trends.The latest data from Tac Index shows that in January average prices on major transpacific, transatlantic and Asia-Europe routes were all up on a year ago.On services from Hong ...
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News
WorldACD: 2017 a remarkable year for air cargo but when will the party end?
Market analyst WorldACD has described 2017 as a “real bumper year” for airfreight but posed the question: “When will the party end?”In its latest update, WorldACD reports that December 2017 saw a year-over-year (YoY) growth of 4.5% in worldwide air cargo volumes.The main contributors, stated the analyst, were the origin ...
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Airfreight demand up 9% in 2017, strongest growth since 2010 says IATA
Global airfreight markets in 2017 saw demand grow by 9.0%, more than double the 3.6% annual growth recorded in 2016, and IATA expects a "very healthy 4.5% expansion" in 2018, measured in freight tonne kilometers (FTKs).IATA’s full year 2017 statistics show that airfreight capacity, measured in available freight tonne kilometers ...
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East-West airfreight price index down 9 cents in December
“Drewry’s East-West Airfreight Price Index edged down to $3.06 per kg in December 2017, a drop of 9 cents from the previous month, in keeping with seasonality.On an annual basis airfreight rates in the month were 8% above December 2016 and given anecdotal reports of tighter capacity, Drewry expects prices ...
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NewsCargo the star performer for American Airlines
Cargo was the star performer for American Airlines in 2017 as revenues increased at a double-digit percentage pace on the pack of demand and yield improvements.The Dallas-headquartered airline registered a 14.3% year on year increase in cargo revenues to $800m on the back of a 15% jump in traffic to ...
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NewsAsian cargo monthly: A bumper year for Chinese carriers
Asian airlines enjoyed a strong 2017, with several carriers reporting their best cargo performance over recent years.The region’s largest cargo carrier, Cathay Pacific, saw cargo demand increase by 9% year on year to reach 11.6bn cargo and mail revenue tonne kms.This is the carrier’s busiest year for freight since Air ...