All WorldACD Articles – Page 3
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NewsAir cargo market shows signs of cooling after busy start to 2024
The latest figures show that the air cargo market is beginning to cool after a brisk start to the year caused by the Red Sea crisis and pre-Lunar New Year (LNY) rush.Figures from analyst WorldACD show that in week six, tonnages out of China declined by 2% compared with the ...
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News
SGL: Lunar New Year break set to cool "red hot" air cargo market
Scan Global Logistics has described the current airfreight market as "red hot", but it expects the situation to cool now the Lunar New Year holiday in Asia is underway.The forwarder reports that over the last few weeks, there has been a rush in demand ahead of the 14-day Lunar New ...
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NewsDubai backlogs prompt dnata to add a temporary cargo embargo
Source: dnataGround handler dnata is implementing a two-day embargo on import shipments at its Dubai facilities as it tackles backlogs caused by a surge in demand.The embargo began at midnight on Monday February 13 and will run until Wednesday at the same time.The handler said that in January it had ...
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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
Mother nature helps push up airfreight rates
Airfreight rates continued to rise last week as weather conditions, volcanic activity and wars put capacity under pressure.The latest figures from TAC Index show that the overall Baltic Air Freight Index was up 4.6% in the week to November 20 compared with the previous seven days.The increases were led by ...
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NewsAir cargo outlook: Subdued demand expected in 2024
Source: Air Cargo NewsAir cargo executives are expecting air cargo demand in 2024 to be flat or at best slightly above this year's levels, according to speakers at the Tiaca Executive Summit event.Adopting probably the most positive outlook for air cargo demand in 2024 at the event was data provider ...
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NewsAirfreight rate rises pick up pace in October
Source: Baltic Exchange Air Freight Index (BAI) powered by TAC Data Copyright: Baltic Exchange. Chart created by Air Cargo NewsAirfreight rates on major east-west trades picked up in October as the industry entered its traditional peak season (see dashboard at end of article). The latest figures from the Baltic Exchange ...
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NewsSpecial cargo volumes a bright spot in overall market declines
The transport of special air cargo products has been the bright spot in a depressed air cargo market over the first eight months of the year.Statistics from WorldACD show that the verticals vulnerable/high-tech (+7%); valuables (+2%); perishables (+4%) and live animals (+5%) have all recorded improvements in volumes in the ...
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News
Is the air cargo market finally showing signs of improvement?
Emerging reports suggest that the air cargo market may finally be showing signs of a slight improvement after a year and a half in the doldrums.The latest market report from data provider WorldACD shows that air cargo demand last week increased by 4% on the previous seven days, which itself ...
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NewsMajor Hong Kong trades see airfreight rates stabilise in August
Major trades out of Hong Kong and Frankfurt saw airfreight rates stabilise in August after months of declines [see dashboard at end of article].The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average prices paid by forwarders - both contract and spot - on services from Hong ...
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NewsAirfreight rates down in June as summer lull arrives
Airfreight rates declined again in June as the quieter summer period resulted in a demand slowdown (see dashboard at end of article).The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates – based on contract and spot process paid by forwarders – on services from Hong ...
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NewsWorldACD finds reasons to be cheerful in air cargo volume figures
The demand declines registered in air cargo this year do not to tell the full story when it comes to the industry's performance, according to data provider WorldACD.In an analysis of how the industry has been performing on a country-by-country basis, WorldACD found that the 4% year-on-year decline in chargeable ...
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NewsLate July stabilisation in air cargo demand fades in August
A partial recovery in air cargo volumes in the second half of July faded in August as Asia outbound demand began to weaken.Statistics from data provider WorldACD show that in the two weeks ending August 14, worldwide cargo volumes in chargeable weight decreased by 5% compared with the final two ...
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NewsWorldACD: Air cargo demand flat in Q1 as lockdowns take their toll
Air cargo demand was flat in the first quarter of the year as Russia's invasion of Ukraine and lockdowns in China put the breaks on growth.Figures from data provider WorldACD show that chargeable weight transported by air cargo increased by 2% year on year in January and February but then ...
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NewsAir cargo capacity climbs but rates remain high
Air cargo capacity continued to edge back towards 2019 levels at the end of November but strong demand and congestion has continued to push up prices on the transpacific.Figures from Accenture's Seabury Consulting show that air cargo capacity in the last two weeks of November was 5% lower than the ...
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InsightsAir cargo still improving but rate of growth slows
Air cargo saw double digit year-on-year (YoY) demand growth in each of the months from April to August, but the rate of increase is declining steadily. However, rates continued to go up in the five weeks up to mid-September.The latest statistics from analyst WorldACD show that in April the YoY ...
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NewsWorldACD: Cargo volumes return to 2019 levels in first half
Cargo volumes were back at 2019 levels in the first half of the year while revenues remained far above the levels of the last two years.The latest statistics from analyst WorldACD show that cargo volumes - in chargeable weight - in the first half of the year were at the ...
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NewsWorldACD: Air cargo demand on the up but with regional variances
Air cargo demand continues to track in line with 2019 levels but regional performance is mixed, according to WorldACD.The data provider's latest numbers show that air cargo demand in chargeable weight was in May around 1% below 2019 levels — used for comparison given Covid's impact in 2020 — and ...
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NewsWorldACD: Air cargo sees "some kind of normality" in April
Global airfreight volumes and capacity were up in April 2021, the latest figures from analyst WorldACD, suggesting — as with March figures — "some kind of normality".Global demand in April was up 53% on a year ago, while widebody capacity was up by 51%, reflecting the collapse in bellyhold networks ...
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NewsWorldACD: March a mixed month for air cargo
March was a month of two halves for air cargo in terms of year-on-year performance as 2020's lockdowns began to skew comparisons, according to data provider WorldACD.The latest figures from WorldACD show that demand in March was 21% up on last year. However, in the first half of the month ...