All Data Articles – Page 43
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News
Asian carriers report double-digit percentage improvement in demand for March
Asian airlines reported double-digit percentage improvements in cargo demand in March as manufacturing in the region continued to expand.The latest figures from the Association of Asia Pacific Airlines (AAPA) showed that cargo demand increased by 12.7% in March in freight tonne km (FTK) terms.The association said the “healthy” increase was ...
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Airfreight rates climb in March
Global average airfreight rates increased in March against a year ago as aircraft cargo utilisation has improved.The latest figures from Drewry's Sea and Air Shipper Insight report show that average ‘all-in’ airfreight rates across 21 major east-west trade lanes increased by 7.9% year on year in March to reach $2.84 ...
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News
Panalpina sees airfreight grow but profits under pressure
Panalpina has recorded an above market increase in airfreight demand but in contrast profitability was flat.The first-quarter figures released by the forwarder revealed that airfreight demand during the period increased by 8% year on year to 233,000 tons, driven by Far East trade lanes. This is ahead of the estimated ...
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NewsHong Kong retains crown as world's top cargo airport
Hong Kong retained its title as the world’s busiest air cargo airport in 2016 as the top 20 freight hubs saw demand increase by just over 3% (see end of article for table).Airports Council International’s annual review of the world’s 20 leading cargo hubs showed that throughput increased by 3.3% ...
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NewsAmericas Cargo Monthly: Demand flies at US carriers
March was a bumper month for US carriers as the big three all registered a surge in air cargo demand.United, American and Delta all saw cargo demand increase during March compared with a year ago, with Delta registering its first year on year improvement since February 2015.IATA has reported that ...
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NewsAirport cargo demand improves in February
Airports enjoyed another bumper month in February for cargo, fueled by international demand.The latest cargo figures from industry body Airports Council International (ACI) show that volumes “surged” by 7.8% year on year in February.International demand improved ahead of domestic, with the former growing by 9.6% on the same month last ...
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NewsUnited records double-digit cargo revenue improvement in Q1
United Airlines recorded double-digit improvements in cargo revenues and traffic during the first quarter of the year.The busiest US cargo carrier saw first-quarter cargo traffic increase by 20.3% year on year to 748m cargo ton miles.Revenues also improved during the period but by the lower amount of 13.4% against a ...
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NewsDelta records slight decline in cargo revenues and traffic
Delta Air Lines recorded a slight decline in cargo revenues and traffic in the first quarter of the year.The Atlanta-based airline saw first-quarter cargo revenues decline by 1.2% year on year to $160m, roughly in line with a 1.5% drop off in traffic to 470m cargo ton miles (CTM).Average revenues ...
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News
March sees airfreight rates improve on last year
Airfreight rates on some of the world’s major trade lanes continued to track ahead of last year’s levels in March as shippers turned from ocean to air transport and fuel prices continued to rise.The latest figures from TAC Index show that net airfreight prices paid to carriers on Hong Kong-Europe ...
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News
Air cargo rides the wave of an improving world economy
Air cargo rode the “wave of an improving world economy” over the first two months of the year but should not expect current growth to continue across the whole of 2017.In its latest market update, analyst WorldACD said that air cargo demand grew by 6.3% year on year in weight ...
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NewsAsia Cargo Monthly: Demand takes off in February
Asian air cargo carriers recorded a demand boom in February, with Cathay Pacific citing improvements in imports from North America and Europe.The latest monthly figures from some of Asia’s leading airlines show high single-digit and double-digit year-on-year demand improvements in February, usually the slowest month of the year.The region’s busiest ...
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NewsEuropean Cargo Monthly: Another mixed month for carriers
February was another mixed month for Europe’s cargo airlines as Lufthansa and IAG recorded improvements in demand, while there was a decline at Finnair and Air France KLM.Despite an extra day in February 2016 due to it being a leap year, the continent’s busiest carrier Lufthansa registered a 5.2% year-on-year ...
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NewsAmerican Cargo Monthly: LATAM sees load factors improve
LATAM continued to see cargo load factors improve in February, while US carriers American and United recorded strong growth in demand.The latest carrier figures show that American Airlines Cargo saw cargo demand increased by 9.7% year on year to 191m cargo ton miles (CTM) in February.This improvement follows on from ...
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NewsAirfreight's positive momentum continues in January
Air cargo demand growth continued its “positive momentum” in January in line with a steady rise in new export orders.The latest monthly statistics from IATA show that air cargo demand in freight tonne km terms increased by 6.9% year on year in January.While this lags behind the 9.8% improvement registered ...
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NewsDHL sees airfreight demand decline despite end of year surge
Deutsche Post DHL’s (DP DHL) airfreight division saw volumes, revenues and gross profits decline last year despite an end of year surge in demand.Airfreight volumes at DHL Global Forwarding, which is the world’s largest airfreight forwarder, declined by 1.3% year on year last year to 2m tonnes but in the ...
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News
CEVA sees airfreight demand improve but records another loss
CEVA Logistics saw airfreight volumes grow ahead of the market last year but revenues decreased and it recorded another loss.The forwarder recorded a 5.5% year-on-year decline in revenues for 2016 to $6.6bn, while losses came to $159m last year compared with $195m in 2015.Adjusted earnings before interest, tax, depreciation and ...
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Double-digit airfreight growth for Panalpina but profits take a hit
Panalpina recorded a double-digit improvement in air cargo volumes last year but rate hikes in the second half of the year put pressure on profits.The Switzerland-based freight forwarder saw 2016 revenues decrease by 11.3% year on year to SFr5.2bn ($5.1bn), while operating profits were down 30.1% to SFr82bn and net ...
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News
Volumes up in January despite Chinese New Year effects
Chinese New Year affected airfreight demand in January, but nonetheless volumes improved during the month compared with a year earlier.The latest figures from analyst WorldACD show that air cargo demand in weight terms improved by 4.9% year on year in January, with the origins Asia Pacific and North America registering ...
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NewsMixed results for airfreight rates in February
Airfreight rates on services from Hong Kong to Europe and Hong Kong to the US continued to decline in February, while there was an improvement on services between Frankfurt and North America.The latest figures from TAC Index show that average airfreight prices on services from Hong Kong to the US ...
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News
K+N targets acquisitions as profits reach record levels
Kuehne+Nagel (K+N) will look to make "selective acquisitions" after it managed to increase airfreight volumes ahead of market growth levels last year and overall earnings reached record levels.The Switzerland-based freight forwarder saw 2016 total group revenues decrease by 1.5% year on year to SFr20bn, while net earnings for the year ...