All Xeneta Articles – Page 4
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NewsHopes diminish for an air cargo peak season boost
Hopes of a surge in air cargo demand towards the end of the year diminished in October as the latest data showed only a slight uplift in demand.The latest figures from data provider Xeneta show that air cargo demand increased 2% in October compared with September which is described as ...
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NewsAre recent air cargo improvements the start of a full market recovery?
There is no doubt that the air cargo industry has seen some improvement over the last few weeks but there is debate over whether this represents the start of a full recovery for the market.The latest rate figures indicate a tightening of supply and demand with last week's numbers from ...
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NewsAir cargo improvements push shippers to longer term deals
The air cargo market continued to find its way out of the doldrums in September, resulting in an increase in longer term deals.The latest figures from Xeneta show that air cargo volumes in September were flat on a year ago and spot rates were down by 34% - the lowest ...
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NewsNo signs of a peak season as air cargo market remains weak in August
Although air cargo declines have narrowed in recent months there are no signs that the industry will enjoy a peak season despite some expressing hopes of a recovery in the final months of the year.The latest data from Xeneta-owned CLIVE Data Services shows that in August demand in chargeable weight ...
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NewsWinter of discontent predicted as air cargo rates plummet
With volumes down and capacity up, July saw global air cargo rates continue their downward trajectory – foreshadowing a tough winter season for airlines, according to market analysis by Xeneta-owned CLIVE Data Services.“The month of July rarely provides any surprises in terms of unexpected performance levels in the global air ...
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NewsFreight forwarders continue the hunt for market share
Freight forwarders are on the lookout to expand their customer base as market volumes dwindle.Niall van de Wouw, Xeneta’s chief airfreight officer, said freight forwarders are becoming restless with continued reduced demand."There are a lot of ambitious forwarders in the market that want to grow – but they cannot grow ...
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NewsSummer capacity boom hits airfreight rates
Source: XenetaWith the start of Northern Hemisphere airline summer schedules at the start of April, the addition of additional services has meant the addition of significantly more bellyhold capacity in the market.In fact, industry analyst CLIVE Data Services, part of Xeneta, has reported that “a flood of summer bellyhold capacity ...
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NewsCLIVE: Forwarders seek longer term contracts to secure volumes
Growth in longer term contracts between shippers and freight forwarders may reflect moves by the latter to secure air cargo volumes, according to CLIVE Data Services.This shift could indicate a ‘hunt for volume’ by forwarders, said Niall van de Wouw, chief airfreight officer at CLIVE's parent firm, Xeneta.The distribution of ...
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InsightsAsia-Europe air cargo market still in recovery
The Asia-Europe trade lane has been buffeted by weakening demand and the outbreak of war in Ukraine over the last 12 months but there are some opportunities to be found.Air cargo capacity on the Asia-Europe route increased marginally (+3%) from the fourth quarter of 2021 to fourth quarter of 2022, ...
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NewsAir cargo capacity rises above pre-pandemic level while industry faces risk of zero growth
Air cargo capacity is continuing to climb and rose above the pre-pandemic level for the first time in four years, according to the latest market analysis from CLIVE Data Services.Global air cargo capacity increased for the eleventh consecutive month in February, up 11% on the same period last year.Meanwhile, global ...
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NewsCLIVE points to continued uncertainty in the air cargo market
Industry analyst CLIVE Data Services has said that global air cargo demand continued to fall in January, down 8% year on year, partly the result of an earlier than normal Chinese New Year and partly due to global economic headwinds.The 8% year on year fall in global airfreight demand in ...
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NewsCLIVE: Dig deeper for true air cargo market picture
The air cargo industry is holding its own given the economic pressures it faced last year and despite a consistent drop in demand.According to the latest industry analysis by Xeneta-owned CLIVE Data Services, in December, chargeable weight fell 8% year on year and the general airfreight spot rate registered its ...
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NewsForwarders stick with short-term deals as air cargo volumes fall
Freight forwarders are continuing to opt for short-term airfreight deals as volumes and rates continue to decline.The latest statistics from Xeneta-owned CLIVE Data Services show that in November air cargo volumes declined 8% year on year and were down 2% on October, while the dynamic load factor - based on ...
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Air cargo to join box shipping in 'overcapacity corner'
Air cargo faces a stint in 'overcapacity corner' next year alongside the ocean shipping sector, according to data analyst Xeneta.The data firm, which is parent to CLIVE Data Services, said that weaker volumes and higher capacity would result in overcapacity in air cargo next year.Ocean shipping is also expected to ...
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NewsAirfreight peak season looking unlikely as demand falls again
Air cargo volumes declined 8% year on year in October - the eighth consecutive month of decline - and the outlook is equally downbeat.According to Xeneta-owned CLIVE Data Services the market outlook "remains uncertain" and there is also nothing to indicate an upturn next year from its weekly market data.There ...
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Freight data platform Xeneta raises funding to expand
Sea and airfreight data provider Xeneta has raised $80m in funding that will be used to expand its commercial team and invest in developing the platform.Xeneta, which acquired airfreight data firm CLIVE Data Services in January, said the investment was led by private equity advisory form Apaz, with participation from ...
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NewsAir cargo volumes down again while rates continue to cool
Air cargo demand declined compared with a year ago for the fourth month in a row in June, according to the latest statistics from CLIVE Data Services.Figures from the Xeneta-owned data provider show an 8% year-on-year decline in chargeable weight in June, following on from drops in March, April and ...
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Ground bottlenecks causing higher air cargo rates
High rates in the air cargo industry are caused by bottlenecks in ground handling capacity rather than aircraft capacity constraints.This is according to Niall van de Wouw, co-founder of CLIVE Data Services and now chief airfreight officer at Xeneta, who explained in a TIACA Economics4Cargo airfreight update on June 16 ...
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NewsAirfreight volumes fall again in May
General air cargo market volumes fell again in May as the pandemic, Ukraine-Russia war and economic turbulence continued to take their toll.According to Xeneta’s CLIVE Data Services, general air cargo market volumes fell 7% year-over-year in May, following on from declines in April and also in March.Airfreight demand for May ...
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NewsAir cargo demand takes a hit in March but rates stay high
Air cargo volumes in March declined compared with a year earlier as the market was hit by the war in Ukraine, sanctions and lockdowns in China.The latest figures from CLIVE Data Services, which is part of the Xeneta rate benchmarking platform, show that demand for March was 4.5% down compared ...