All Airfreight Rates articles – Page 10
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NewsPanalpina: Airlines to tighten capacity in a weaker 2019 peak season
Airfreight’s 2019 second half peak season will be weaker than 2018 and 2017, with airlines managing capacity more tightly in an attempt to lift rates.That is the view of Panalpina’s global head of airfreight, Lucas Kuehner, who was commenting on an estimated 5% second quarter fall in 2019’s global airfreight ...
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NewsUnited Cargo opts for WebCargo by Freightos for new portal
Manel GalindoUnited Cargo has today (July 16) confirmed that it will collaborate with WebCargo by Freightos on the design and creation of a new online portal that will provide customers with expanded on-demand booking, dynamic pricing and real-time updates on United’s global cargo network.The portal will be based on the ...
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Air cargo rates take a hit in June
The slowdown in global trade is increasingly taking its toll on air cargo freight rates.According to data provider Tac Index, average rates on transpacific services recorded their biggest decline of the year in June.Prices on the Asia-Europe trade for the month failed to record an increase for the first time ...
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Forwarders sign up for IATA's new rate platform
DB Schenker, Agility Logistics and Hellmann Worldwide Logistics have signed up to IATA's new air cargo rates platform, IATA Net Rates.IATA Net Rates aims to digitise the process of airlines and GSAs distributing rate sheets to forwarders using Excel spreadsheets and email, which the airline group said is "labor-intensive and ...
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NewsAir cargo rate platform targets accelerator event
Air cargo pricing and booking platform SpotRates has been selected to participate in Switzerland’s 2019 accelerator programme, The Mass Challenge.SpotRates was one of over 900 startups to apply for the accelerator event and one of 76 companies to make it into the second stage.The selected startups will have access to ...
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Transpacific air cargo rate outlook clouded by tariff troubles
Airfreight rates on major trade lanes continued to show a mixed performance in May.The latest figures from TacIndex show that on the Hong Kong-North America trade prices declined by 4.4% year on year in May to an average of $3.71 per kg.The fact prices are down on last year should ...
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NewsAir cargo faces a bleak outlook as demand declines in April
Analyst WorldACD has warned that air cargo markets are continuing to erode as uncertainty grows.Numbers from the data firm show that cargo volumes (chargeable weight) declined by 5.4% year on year in April.WorldACD searched for some positives, but said that overall there was no avoiding the tough market conditions.“For quite ...
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Airfreight rates begin their annual climb in April
Airfreight rates on the transpacific and Asia-Europe trades have begun their annual summer climb following on from the winter lull.Tac Index data shows that average airfreight rates on services from Hong Kong to North America reached $3.60 per kg in April, up from $3.38 per kg in March.For the last ...
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A mixed picture for rates as air cargo shows some signs of a pick-up
Airfreight rates on the transpacific trade are expected to begin picking up over the coming weeks after hitting their low point for the year.The latest data from Tac Index shows that average prices between Hong Kong and North America stood at $3.38 per kg in March.However, derivatives broker FIS said ...
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NewsTigers teams up with Doozee for instant freight rate quotes
Logistics firm Tigers is the launch customer for an instant freight rate quote engine developed by US-based tech start-up Doozee.The new tool will be available to Tigers’ international agent network and will be hosted on the Tigers SmartHub:Connect portal following the release of future versions of Doozee.Doozee will then allow ...
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Airfreight rate growth plateaus in February
Airfreight rate growth on major east-west lanes appears to have plateaued in February as the cargo market has had a weak start to the year.Figures from data provider Tac Index show that rates on the transpacific and the transatlantic both declined on year ago in February, while on Asia-Europe there ...
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Transpacific airfreight rates decline again in January
Airfreight rates on the transpacific trade lane continued to come under pressure in January as contacts say that demand at the start of 2019 has been lacklustre.Figures from Tac Index show that airfreight rates on services from Hong Kong to North America declined by 0.8% year on year to an ...
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Airfreight rates see growth narrow in December
The latest figures from consultant Drewry show that airfreight rate growth narrowed as 2018 drew to a close.The consultant's Sea and Air Shipper Insight report shows that average freight rates on major east-west lanes increased by 2% year on year in December.Compared with November, there was a 3.5% decline, which ...
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NewsChina-Europe air cargo rates expected to rise despite unexpected dip
Airfreight rates on services from China to Europe are expected to pick up during the summer and beat last year’s levels during the fourth-quarter peak.The first airfreight rate forward curve from derivatives broker Freight Investor Services (FIS) shows that for August the sector is making paper deals with an average ...
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Transpacific airfreight rates drop off in December
Airfreight rates on the transpacific trade lane took a tumble at the end of the year as reports suggest the China-US trade war began to affect air cargo.The latest figures from Tac Index show that in November the average price of services from Hong Kong to North America in December ...
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Transpacific airfreight rates breach $5 per kg mark in November
Airfreight rates continued to steadily rise in November as the peak season rolled in, with prices on the transpacific trade lane breaching the $5 per kg mark.The latest numbers from the Tac Index show that prices on services from Hong Kong to North America reached an average of $5.37 per ...
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Airfreight rates reach high for the year in October
Airfreight rates reached their highest level of the year in October and are expected to climb further as the peak season gets underway.The latest figures from consultant Drewry in its Sea & Air Shipper Insight report show that average rates on 57 key trades reached $3.02 per kg in October ...
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Expeditors warns of airfreight rate volatility as profits hit new highs
US freight forwarder Expeditors has warned of increasing volatility in airfreight rates as it reports record profits for the third quarter of the year.The company saw third-quarter revenues increase by 16% year on year to $2.1bn, while earnings before interest and tax were up 9.4% on a year earlier to ...
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Airfreight rates on key trades reach new highs for 2018
Airfreight rates on the transpacific and Asia-Europe lanes continue to improve in October despite capacity growth outstripping demand improvements.Figures from TAC Index show that prices on services from Hong Kong to North America reached an average of $4.80 per kg in October, the highest level of the year so far ...
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Drewry: east-west airfreight rates on the up
Drewry’s east-west airfreight price index for September 2018 stood at 95.4, an increase compared to August (when it reached 87.6) as well as a year-on-year climb (from 88.5).The average rate expressed in US dollars/kg rose by 9% from the previous month, gaining 24 cents to reach $2.81 per kg in ...