Spire and TAC team up on air cargo capacity data service

Data analytics firm Spire Global and rate data provider TAC Index are teaming up to offer available air cargo capacity on various different routes.

The two companies have formed a strategic partnership to support the launch of TAC Space, which will offer insights built from live tracking of global air cargo supply, coupled with market data, to create a “unique series of data sets which is expected to bring greater color to the market and enhance data decision making capabilities for parties active in air cargo markets”.

Tac Index managing director John Peyton Burnett said the data sets include air cargo total tonnage/volume available on any airport, country or region pairing, or any permutation of those.

He added that the product would be launched within one business quarter.

“TAC Space can be leveraged alongside the current TAC Index product suite, including an air cargo pricing index product which tracks market demand,” the partners said.

Burnett said: “Air cargo has historically lacked transparency and near-term data, making risk management, contract negotiation, and performance benchmarking notoriously difficult.

“We are very pleased to be working closely with Spire, which generates high quality and granular flight movement data. Combined with TAC Index’s internal processes and data flows, we believe the resulting information from TAC Space will be of great assistance to all parties in the air cargo market, and a welcome addition to the TAC Index air cargo product suite.”

Spire Aviation general manager Shay Har-Noy added: “Satellite-based data from Spire combined with TAC Index’s cutting edge data science will provide a new view into global trade.”

Spire uses one of the world’s largest multi-purpose satellite constellations to source data. Spire then provides this data as a subscription to organisations.