All Data Articles – Page 6
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NewsTransatlantic air cargo rates increase as passenger airlines reduce services
Source: Supakitswn/ shutterstock.com While rates out of Asia have been flatter than expected in recent weeks, prices on the transatlantic trade lane have taken off as passenger airlines have been reducing belly capacity in line with the quieter winter season and Guarulhos International Airport (GRU) has been ...
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NewsFlatlining APAC rates reflect a quieter than expected peak season
Credit: tratong/ ShutterstockOnly a few months ago, the air cargo industry was preparing for what was expected to be a busy peak season out of Asia. However, the flatlining of airfreight rates out of the Asia Pacific region in recent weeks appears to confirm that while the industry remains busy, ...
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NewsBelly cargo leads volume growth at Vienna Airport
Source: Flughafen Wien AGVienna Airport has registered a double-digit increase in cargo volumes over the first nine months of the year.The Austrian airport handled 216,360 tons of cargo between January and September, which represents a 20% increase on the same period last year.The airport said that volumes were up in ...
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NewsSpot rates rise as peak season builds
Image: ShutterstockSpot rates are elevated globally and are up 25% year on year (YoY) out of Asia Pacific in particular, as the fourth quarter peak season continues.Comparing the first week of November with the first week of November last year, when various markets were already experiencing the effects of strong ...
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NewsBoeing predicts 3,900 freighters by 2043
Photo: BoeingThe global air cargo fleet is forecast to rise to 3,900 freighters by 2043, an approximate 66% increase from 2,340 cargo aircraft in 2023.This addition of 2,845 freighters over the next 20 years includes 1,005 production freighters and 1,840 passenger to freighter (P2F) conversion aircraft, according to Boeing's 2024 ...
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NewsNarrowbody freighter conversions slowing down
Credit: tratong/ Shutterstock The rate of narrowbody passenger to freighter (P2F) conversions is slowing down although growth still outpaces widebody freighter conversions, recently released fleet data shows. There were 1,082 widebody aircraft on October 4 this year versus 977 on January 3 2020, said aviation consultant Cirium ...
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NewsAir France KLM Cargo eyes Asia as performance improves in Q3
Source: Semmick Photo Shutterstock.comAir France KLM Martinair Cargo recorded improvements in cargo volumes, revenues and yield in the third quarter as it benefitted from rising demand out of Asia Pacific.The Franco-Dutch airline group noted a 0.6% increase in overall third-quarter cargo revenues to €561m, while cargo traffic revenues improved ...
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NewsCharter demand boosts Cargojet's performance in Q3
Demand for charter operations helped boost revenues for Canada-based freighter operator Cargojet in the third quarter of the year.The company reported a 14.8% increase in overall revenues to C$245.6m for the third quarter, with ACMI revenues up 12% to C$70.2m, domestic network up 5.2% to C$97.3m and all-in charter revenues ...
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NewsDHL Global Forwarding sees Q3 airfreight revenues rise but profits under pressure
DHL Group CEO Tobias Meyer. Photo: DHL GroupDHL Global Forwarding saw its air cargo volumes and revenues rise in the third quarter led by trades out of Asia but gross profits came under pressure due to rising rates.The forwarding business registered an 8.5% increase in air cargo volumes to 445,000 ...
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NewsAir cargo demand up again in September but growth narrows
Source: Jaromir Chalabala/ShutterstockAir cargo demand continued to increase at a high level in September, although year-on-year improvements narrowed slightly compared with the last nine months.The latest figures from IATA show that air cargo demand in cargo tonne km terms increased by 9.4% year on year in September. Capacity was up ...
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NewsXeneta: Market maturity harnesses air cargo rates
Photo: Travel mania/ ShutterstockThe air cargo market has matured enough to enable airlines and forwarders to keep rates reasonable against a backdrop of strong demand exacerbated by supply disruptions.While a thriving air cargo market usually results in shippers facing rocketing spot rates during the fourth quarter peak, this year lessons ...
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NewsMixed performance for Hong Kong air cargo rates in October
Credit: tratong/ Shutterstock Airfreight rates on the transpacific trade were on the slide in October but increased as the month progressed, while prices to Europe continued to improve. The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that average rates – ...
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NewsHong Kong airfreight market outlook weakens but busy peak still expected
Source: Supakitswn/ shutterstock.comThe market outlook of Hong Kong airfreight traders has weakened in recent months but the peak season is still expected to be busy.The fourth quarter DHL Air Trade Index dipped by six percentage points compared with the third quarter survey to reach 35.2 points, with a decline of ...
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NewsAmericas and Europe cargo revenues lag overall market performance
Image source: ShutterstockAirline cargo revenues from the Americas and Europe have come under pressure this year despite the overall market benefitting from rate and volume increases.Research from data provider WorldACD shows that in the first nine months of the year, cargo volume increases from Europe and the Americas were not ...
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NewsAirfreight rates stay strong despite Golden Week demand drop
Source: Supakitswn/ shutterstock.comAirfreight spot rates on global basis edged up in the first week of October to their highest level of the year despite volumes out of Asia declining due to the Golden Week holiday, according to WorldACD.Statistics from the data analyst show that airfreight spot rates increased by 1% ...
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NewsAir cargo market records nine months of double-digit growth
August was the ninth consecutive month of double-digit year-on-year growth for the global air cargo market boosted by global trade growth, e-commerce demand and ocean shipping constraints.Total demand, measured in cargo tonne-kilometers (CTKs), rose by 11.4% compared to August 2023 levels, said IATA.Capacity, measured in available cargo tonne-kilometers (ACTKs), increased ...
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NewsAir cargo demand growth slows but October is a 'whole new ball game'
Air cargo demand growth slowed in September but there is an expectation that US port strikes will put extra pressure on an already busy market.The latest figures from data provider Xeneta show that air cargo demand increased by 9% year on year in September, a strong performance but down on ...
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NewsCooler air cargo market in September just a blip
The air cargo market showed signs of cooling slightly in September but expectations are that demand will quickly pick up again in October.Freight forwarder Dimerco said that e-commerce and electronics volumes had "underperformed expectations in September".The company also pointed out that while the Global Purchasing Managers Index (PMI) Composite Output ...
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NewsSurging air cargo rates out of Japan and Bangladesh boost buoyant market
Airfreight rates from Bangladesh and Japan have surged in recent weeks helping to raise prices in an "already buoyant" air cargo market, according to data provider WorldACD.The latest figures from WorldACD show that overall airfreight rates were up 14% year on year in the week ending September 15, led by ...
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NewsPeak practise as August air cargo spot rates up nearly 25%
Air cargo spot rates were sky high in August as demand and capacity imbalances continued, flanked by additional e-commerce and Red Sea shipping disruption-related demand.Average spot rates showed their largest year-on-year growth of 24%, according to the latest monthly analysis by Xeneta.Global average air cargo spot rates were recorded at ...