All Data Articles – Page 9
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InsightsSurvey: Air cargo optimistic for the year ahead
Air Cargo News recently carried out a survey of airfreight professionals and found the majority are expecting market conditions to improve this year.The air cargo industry is optimistic the market will improve in the coming year, with expectations that both volumes and rates will increase in 2024.A survey of more ...
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NewsAir cargo volumes up 10% in January but rates weaken
Air cargo volumes rose 10% year on year in January, but this hasn't resulted in higher rates due to the availability of capacity.Shippers' concerns about Red Sea - Suez Canal supply chain delays, plus an early Lunar New Year, have pushed up air cargo volumes, although spot rates have declined, ...
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NewsDSV sees air revenues and volumes tumble in 2023
DSV's airfreight revenues, volumes and gross profits all took a hit last year due to improved ocean shipping operations, high inventories and a weak consumer market.The Denmark-headquartered forwarder reported a 44.1% year-on-year decline in air revenues in 2023 to Dkr50.6bn, gross profit for the year was down 27.9% to Dkr13.4bn ...
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News
IATA: Air cargo improves in December but declines for the full year
Air cargo demand surged in December last year but it was not enough to push overall figures for the year into positive territory.IATA figures show that air cargo tonne kms (CTK) for December were up 10.8% year, but CTKs for the whole year were down 1.9% on 2022 levels and ...
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News
Airfreight rates on the up as January draws to a close
Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports of a move from sea to air due to the Red Sea crisis.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in the last full week of ...
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NewsJanuary air cargo volumes "significantly up" on last year
Worldwide air cargo demand in January remains "significantly up" on a year ago with improvements across nearly all the main regions, according to the latest figures from data provider WorldACD.Figures from the company show that in the two weeks running to January 21, air cargo demand levels are up 5% ...
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News
Retail's Red Sea move feeding airfreight volumes?
Signs are starting to emerge that retail shippers are sending more goods by airfreight as the Red Sea crisis continues, but the next few weeks will determine whether there is a real shift from ocean freight to airfreight, according to Xeneta.Niall van de Wouw, Xeneta chief airfreight officer, said: “When ...
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NewsCirium predicts annual freighter fleet growth of 2.6%
The freighter fleet will grow by 2.6% annually and 3,590 freighter aircraft will be supplied over the next 20 years, predicts the latest Cirium Fleet Forecast.This includes 1,060 new build aircraft (30%) worth $140bn and 2,530 conversions from passenger aircraft (70%), said the the aviation analytics company."These numbers are similar ...
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NewsAir cargo traffic, capacity and revenues continued to recover in Q4
Air cargo traffic, capacity and revenues continued to recover in late 2023. According to IATA, world air cargo traffic expanded 8.3% year-over-year, as measured in cargo tonne-kilometres (CTKs), in November 2023, the best month for industry traffic growth since December 2021.After 17 months of consecutive decline, traffic tepidly began growing ...
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News
Liege cargo volumes slide in 2023 as FedEx switch takes its toll
Liege Airport saw its cargo volumes decline last year due to weak economic conditions and the restructuring of FedEx's network.Belgium's busiest cargo hub recorded cargo volumes of just over 1m tonnes last year, down 11.8% on 2022 levels. However, volumes are up on 2019's 902,480 tonnes.The airport attributed the decline ...
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NewsIATA reports an 8% increase in November cargo traffic
IATA data shows that air cargo traffic increased by a 2023 high of 8.3% year on year in November, although the improvement also reflects a weak compression period in 2022.The association said that the November increase in cargo tonne kms (CTK) was the fourth monthly improvement in a row and ...
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News
Airfreight rates slide as 2023 draws to a close
The last few weeks of 2023 saw airfreight rates start to fall as demand eased after the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in December all-in rates paid by forwarders (contract and spot) from Hong Kong to North America increased to $7.10 per ...
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News
Year ends with quarterly improvement in air cargo volumes
The fourth quarter of 2023 was the first to show a volume improvement on 2022 levels, according to end-of-year figures from WorldACD.Figures from the data provider show that air cargo volumes increased by 3% in the fourth quarter, compared with a 3% decline in the third quarter, a drop of ...
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News
Air cargo market shifts to e-commerce
The air cargo market has undergone a "fundamental shift" to e-commerce over the last few months, which has helped support increases in airfreight rates.Writing in the monthly Baltic Exchange newsletter, Neil Wilson of airfreight rate data provider TAC Index said that rates have been increasing over the last few months ...
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NewsXeneta doubts air cargo demand improvements will be long lived
Air cargo volumes were boosted by seasonal e-commerce demand from Asia in November, but Xeneta is doubtful the industry will see sustained stronger demand.November was the first month this year that saw demand outstrip supply, but, echoing IATA's concerns, the rate analytics platform said global airfreight capacity will likely continue ...
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NewsIATA predicts a 4.5% rise in air cargo volumes in 2024
IATA is expecting air cargo demand to increase by 4.5% next year while pressure on rates is expected to bring down revenues for the sector.The airline association said the projection of a cargo tonne km increase next year comes on the back of the International Monetary Fund's prediction of a ...
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NewsIATA: Air cargo optimism to be balanced with caution
Air cargo traffic increased year on year for the third month in a row in October, but IATA has warned that optimism over the improvements should be balanced with caution.The latest figures from the airline association show that cargo tonne kms (CTK) increased by 3.8% year on year in October, ...
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News
Demand up for Asia Pacific airlines in October
Asia Pacific airlines saw increased international air cargo demand in October ahead of an anticipated Christmas e-commerce boost."Despite some moderation in trade activity, October saw Asia Pacific airlines post a 3.2% increase in international air cargo demand as measured in freight tonne kilometres (FTK), when compared to the depressed volumes ...
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NewsRotate launches free air cargo capacity tool
Ryan Keyrouse. Source: RotateData provider Rotate is offering a live air cargo capacity tool that air cargo company users can access for free.The tool contains live updated flight data from thousands of airlines, more than 9,000 airports and over 200 aircraft types and allows users to see the amount of ...
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InsightsTop 20 Cargo Airports: Hong Kong leads the way in a tough 2022
In the wake of Covid-19, other challenges are still hampering air cargo growth. But some of the world’s busiest airports are bullish nonetheless, and are backing their vision for the future with substantial investments (see the top 20 table at end of article).Figures published by Airports Council International (ACI) World ...