All Airfreight Rates articles
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NewsRates on key east-west trades end the year on a high
Airfreight rates on key trade lanes out of Hong Kong reached an annual high in December as demand hit peak levels. Figures from the Baltic Exchange Airfreight Index, based on TAC data, show that average rates – a combination of both spot and contract – were up 8.5% in December ...
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InsightsPutzger perspective: Pricing smoke and mirrors
Photo: William Potter/ Shutterstock Parcel shippers were hit with peak season surcharges but carriers’ pricing gambles didn’t pay off. Digitalisation has made some headway in the industry, but it appears to have failed to move the needle significantly when it comes to pricing. Witness the parcel sector, ...
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NewsWeaker than expected peak sees lower increase in Hong Kong airfreight rates
Image: ShutterstockAirfreight rates on major trades out of Hong Kong picked up in November for the peak season, although the rate of change lags behind historical levels.Figures from the Baltic Exchange Airfreight Index, based on TAC data, show that average rates – a combination of both spot and contract – ...
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NewsTransatlantic air cargo rates increase as passenger airlines reduce services
Source: Supakitswn/ shutterstock.comWhile rates out of Asia have been flatter than expected in recent weeks, prices on the transatlantic trade lane have taken off as passenger airlines have been reducing belly capacity in line with the quieter winter season and Guarulhos International Airport (GRU) has been hit with congestion.According to ...
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NewsFlatlining APAC rates reflect a quieter than expected peak season
Credit: tratong/ ShutterstockOnly a few months ago, the air cargo industry was preparing for what was expected to be a busy peak season out of Asia. However, the flatlining of airfreight rates out of the Asia Pacific region in recent weeks appears to confirm that while the industry remains busy, ...
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NewsSpot rates rise as peak season builds
Image: ShutterstockSpot rates are elevated globally and are up 25% year on year (YoY) out of Asia Pacific in particular, as the fourth quarter peak season continues.Comparing the first week of November with the first week of November last year, when various markets were already experiencing the effects of strong ...
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NewsXeneta: Market maturity harnesses air cargo rates
Photo: Travel mania/ ShutterstockThe air cargo market has matured enough to enable airlines and forwarders to keep rates reasonable against a backdrop of strong demand exacerbated by supply disruptions.While a thriving air cargo market usually results in shippers facing rocketing spot rates during the fourth quarter peak, this year lessons ...
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NewsMixed performance for Hong Kong air cargo rates in October
Credit: tratong/ ShutterstockAirfreight rates on the transpacific trade were on the slide in October but increased as the month progressed, while prices to Europe continued to improve.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that average rates – both spot and contract – ...
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NewsAirfreight rates stay strong despite Golden Week demand drop
Source: Supakitswn/ shutterstock.comAirfreight spot rates on global basis edged up in the first week of October to their highest level of the year despite volumes out of Asia declining due to the Golden Week holiday, according to WorldACD.Statistics from the data analyst show that airfreight spot rates increased by 1% ...
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NewsPort strike suspension relieves air cargo pressure but peak outlook remains tight
Photo: Jaromir Chalabala/ ShutterstockThe suspension of US port strikes until next year has helped relieve some of air cargo's peak season capacity concerns but questions remain regarding just how busy the next few months will be.TAC Index editor Neil Wilson said that there was a mixed outlook for how tight ...
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NewsRates on key Asia trades flat but steady in September
Airfreight rates on the transpacific market were largely flat in September but are expected to pick up as the peak season approaches and as US port strikes are now underway. The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong ...
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NewsDHL points to a difficult Q4 as more figures confirm a bumper August for air cargo
Source: Supakitswn/ shutterstock.comDHL Global Forwarding's latest market outlook has highlighted a difficult end to the year, while figures from WorldACD show buoyant market conditions continued in August.The forwarder's State of the Industry report looks at the potential impact of demand, capacity, rates, economic growth and service disruption in the fourth ...
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NewsPeak practise as August air cargo spot rates up nearly 25%
Air cargo spot rates were sky high in August as demand and capacity imbalances continued, flanked by additional e-commerce and Red Sea shipping disruption-related demand.Average spot rates showed their largest year-on-year growth of 24%, according to the latest monthly analysis by Xeneta.Global average air cargo spot rates were recorded at ...
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Transatlantic capacity withdrawal set to drive up rates
The transatlantic airfreight lane will have much less capacity from September due to the winter season and shifting of capacity to the Asia-Europe trade lane. Demand is expected to remain the same on Europe-US and US-Europe routes because there aren’t any major drivers for change in the US and Europe ...
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Steady TAC index hides turbulence beneath
Global airfreight rates are little changed according to the TAC Index price reporting agency, but there is movement on individual lanes.The overall Baltic Air Freight Index (BAI00) was down by just -0.1% in the week to August 19 – maintaining the solid pattern of recent weeks. The year-on-year gain now ...
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NewsBangladesh air cargo spot rates peak
Air cargo spot rates from Bangladesh to Europe have risen to their highest level this year amidst political unrest in the country that has resulted in disruption to air cargo operations.Data from WorldACD shows that in the week from Monday July 29 to Sunday August 4 (week 31), spot rates ...
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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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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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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 ...