All Data Articles – Page 7
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InsightsTop 25 cargo carriers: Cargo goes slow on growth in 2023
Air cargo demand in 2023 was slow to recover from the previous year’s market slump and the top 25 cargo airlines felt the strain. 2023 was undoubtedly a tough year for air cargo with global full-year demand, measured in cargo tonne-kilometers (CTKs), for the top 25 airlines down 1.7% compared ...
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News
Transpacific air cargo rates pick up in August as firm demand continues
Air cargo rates on the transpacific trade picked up in August as the busy market conditions continued and companies begin to eye what is expected to be a strong peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong ...
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NewsIATA: Double-digit growth in cargo demand continues in July
Air cargo demand continued to soar in July with the latest IATA statistics showing a year-on-year increase of 13.6% on the back of issues on the ocean and the continued e-commerce boom.The airline association said that cargo tonne kms had now registered a double-digit percentage increase for eight months in ...
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News
Belgian hubs report air cargo demand growth in July
Brussels Airport saw its air cargo volumes return to growth in July while Liege Airport continued to report double-digit volume improvements.Brussels saw its "flown" air cargo volumes in July increase by 5.5% year on year to 50,828 tons. Overall air cargo volumes - including trucked - were up 6.1% on ...
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News
Air cargo rate increases on major Asia trades taper off in July
Airfreight rates on key trade lanes out of Hong Kong were largely flat in July compared with June but they continue to be higher than a year ago.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong to Europe in ...
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NewsXeneta: strong demand for air cargo drives higher spot rates
The quicker than expected recovery to July’s global IT outage meant that there was no significant ongoing disruption to rates amidst ongoing strong demand for air cargo, according to the latest market analysis from Xeneta.Airfreight rates rose for a sixth consecutive month, with global average air cargo spot rates reaching ...
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NewsDHL air volumes up in the second quarter but profits slide
Source: DHL GroupDHL Group saw its air and ocean freight volumes rise in the second quarter of this year, contributing to a slight increase in year on year group revenue.The express and logistics giant registered a 5.3% increase in air volumes to 437,000 tons in the second quarter, while its ...
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NewsHamad International cargo on the up
Doha’s Hamad International Airport cargo traffic, as measured in tonnages, rose by 12% in the first six months of this year compared to the first half of 2023.It handled a total of 1.25m tonnes of cargo over the January – June period. In June, Hamad International handled 213,873 tonnes of ...
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NewsAirfreight rates remain stable despite July global IT outage
The latest data from airfreight price reporting agency (PRA) TAC Index show that global air cargo rates only edged up last week (in the week ending July 29).That news came as a surprise, given the massive global IT outage of 18 July.The overall Baltic Air Freight Index (BAI00) calculated by ...
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News
AAPA reports strong growth in Asia Pacific airfreight
Preliminary June 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) show that there was strong demand for international air cargo capacity in the region in June.Overall, Asia Pacific airlines recorded a 16.4% year-on-year increase in international air cargo demand – as measured in freight tonne kilometres ...
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NewsIATA data highlights continued strong demand for air cargo
The International Air Transport Association's (IATA) latest data shows that global air cargo markets are continuing to boom.June’s figures have contributed to what IATA has described as “an exceptional first half-year performance for air cargo”, with airfreight volumes exceeding those of last year, of 2022, and even of record-breaking 2021 ...
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NewsIT issue continued to weigh on AF KLM Cargo results in Q2
Air France KLM Martinair Cargo (AFKLMP) recorded a decline in revenues in the second quarter of the year but is looking to build its presence in Asia to capitalise on growth in the market.The Franco-Dutch carrier group registered a 10% year-on-year decline in cargo revenues to €546m, while cargo tonnes ...
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NewsE-commerce: Just what the air cargo market ordered
Tim van Leeuwen, part of Rotate Consulting, provides his team’s observations on the size and impact of e-commerce on the air cargo market, and how this impacts the near-term outlook.As delegates gathered in Shanghai at the first Air Cargo China conference since 2018, the mood was significantly better than at ...
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NewsAir cargo market update: Demand dips as July gets underway
The air cargo market saw volumes decline in the first week of July as US Independence Day celebrations put the brakes on growth.The latest figures from data provider WorldACD show that demand was down 5% in the first week of the month compared with the prior week.WorldACD said the result ...
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News
Airfreight rates remain firm in June
Airfreight rates on key trades out of Asia remained "firm" in June despite the market entering the quieter summer season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to both Europe and North America remained up on a year ago and also increased ...
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NewsForwarders and shippers brace for Q4 hike in air cargo rates
Airlines are looking ahead to air cargo's fourth quarter peak season to decide how best to maximise returns from capacity out of Asia as spot rates are predicted to go sky high.With a backdrop of more demand and less capacity, industry analyst Xeneta has warned that shippers and forwarders seeking ...
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NewsTop 25 air forwarders: K+N keeps the lead in a tough year for airfreight
Kuehne+Nagel (K+N) maintained its position as the world’s leading airfreight forwarder in 2023 ahead of DHL Global Forwarding despite overall market volumes coming under pressure (full chart at end of article). Figures produced by consultant Armstrong and Associates show that top air forwarder K+N last year saw its cargo volumes ...
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NewsIATA: Air cargo volumes increase over 14% in May
The air cargo industry has now clocked up the sixth consecutive month of double-digit year on year growth thanks to trade growth, e-commerce and oceanfreight capacity constraints, reported IATA.Total demand in May, measured in cargo tonne-kilometers (CTKs), rose by 14.7% compared to May 2023 levels. There was also a 5.3% ...
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NewsAir cargo heading for double-digit growth in 2024
Booming e-commerce volumes are propelling the air cargo industry towards a double-digit percentage increase in demand this year, although a US crackdown on online shipments could prove a drag later in the year.The latest figures from supply chain data firm Xeneta show that air cargo demand in May increased by ...
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InsightsAir cargo rates and volumes continue to soar in May
Airfreight rates continued to rise in May while demand also continued to beat last year's levels.The Baltic Exchange Airfreight Index (BAI) shows that in May rates from Hong Kong to North America increased 9.1% year on year to $5.53 per kg.From Hong Kong to Europe rates paid by forwarders are ...