All Airfreight Rates articles – Page 11
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News
Airfreight capacity outstrips demand for sixth month in a row
Airline freight capacity growth continues to outstrip demand, according to the final Q2 2018 financial data released by IATA.“Available freight tonne kilometres (AFTKs) grew by 4.5% year-on-year in August, up from 3.9% in July and faster than the corresponding annual demand growth rate for the sixth month in a row.”The ...
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News
Rates on the up in August but growth narrows
Airfreight rates continued to track ahead of last year’s levels in August, although the difference compared with a year ago has continued to narrow as the year has progressed.The latest figures from analyst Drewry’s Sea and Air Shipper Insight report show that all-in rates on major east-west services averaged at ...
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NewsTranspacific rates breach $4 per kg mark as industry heads towards peak
Airfreight rates continued to track ahead of 2017 levels in September as the industry prepares for what is expected to be a busy peak season.The latest figures from Tac Index show that airfreight rates on services from Hong Kong to North America increased 14% year on year to reach $4.31 ...
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News
China-Europe rates soften following new Uni-top freighter service launch
Rates on the China-Europe trade have shown signs of softening this week following the launch of Uni-Top’s new freighter service.In its weekly market wrap-up, derivatives broker Freight Investor Services (FIS) pointed out that rates on services from Asia to Europe had weakened over the last week.According to Tac Index data, ...
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Forwarders brace for a busy peak season and capacity constraints
Freight forwarders are expecting another busy peak season with airfreight supply chains coming under strain, despite demand growth weakening.Panalpina global head of air freight Lucas Kuehner told Air Cargo News that the market is seeing lower year-on-year growth on the Asia-Europe and transpacific trade lanes, but added 2017 was an ...
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News
Drewry: Rates on the rise in July
The latest East-West Airfreight Price Index from market intelligence provider Drewry indicates a year-on-year rise in the average airfreight rate for July, from $2.49/kg to $2.55/kg.The figure is calculated using a combination of the base rate, the fuel surcharge and the security surcharge, but excluding door delivery costs.However, according to ...
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NewsAirfreight rates on major lanes reach their highest level of the year in August
Airfreight rates on Asia-Europe and transpacific services reached their highest level of the year so far in August, while forwarders have started warning of peak season capacity constraints.The latest figures from TAC Index show that prices on services from Hong Kong to North America increased by 23.4% year on year ...
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NewsEast-West airfreight rates fell 3% in May, says Drewry
Airfreight rates fell 3% between May and June 2018, with Drewry’s East-West Airfreight Price Index dropping to $2.63 per kg.However, said Drewry, the rate remains some 7% higher than June last year, adding: "The ramifications of the trade war between the US and China, as well as tariffs on the ...
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News
FIS publishes first airfreight futures forward curve
Freight Investor Services (FIS), which specialises in shipping derivatives, has published the first airfreight forward price curve, "beginning a new era of risk management in this $70bn freight market".FIS has spent 12 months working with index provider TAC Index to develop a "robust methodology" for the airfreight market which accounts ...
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Transpac airfreight rates hit a 2018 high as NCA lays up its fleet and ahead of tariffs
Airfreight rates on the transpacific trade lane reached their highest point of the year so far as Nippon Cargo Airlines (NCA) has had to lay up all 11 of its freighters and the US and China prepare to introduce trade tariffs on a range of products.The latest figures from Tac ...
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March airfreight prices up on 2017 levels
Average airfreight rates in March are down on February’s levels but continue to track ahead of last year’s figure for the month.The latest airfreight price index from consultant Drewry’s Air and Shipper Insight report show that average all-in buy rates paid by forwarders to airlines on 28 east-west routes reached ...
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News
TAC Index to offer free data access to qualified parties
TAC Index has launched a new promotion to industry qualified parties granting full free access to TAC Index's rate data until September 30 of this year.TAC Index managing director Peyton Burnett said: “We would like to make this data more widely available and are pleased to offer this data to ...
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NewsAirfreight rates flatten off in March but remain ahead of 2017 levels
Airfreight rates flattened off in March compared with a month earlier, although major routes out of Asia continue to track ahead of last year’s levels.The latest figures from TAC Index show that airfreight rates on service from Hong Kong to North America in March increased by 26.3% compared with the ...
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News
Airfreight rates start the year ahead of 2017 levels
Airfreight rates started the year ahead of 2017 levels but are expected to weaken in February in line with seasonal trends.The latest figures from the Drewry Sea and Air Shipper Insight report shows that average global airfreight prices stood at $2.76 per kg in January, representing a year-on-year increase of ...
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NewsAirfreight rates up on 2017 levels in February
Airfreight rates on major transpacific, Asia-Europe and translatlantic routes continued to track ahead of 2017 levels in February, despite demand slackening off.The latest figures from TAC Index show that February airfreight rates on services from Hong Kong to North America increased by 42.5% year on year to $3.62 per kg. ...
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NewsAirfreight rates start the year ahead of 2017 levels
Airfreight rates started 2018 ahead of last year but there were some signs of a slowdown in line with seasonal demand trends.The latest data from Tac Index shows that in January average prices on major transpacific, transatlantic and Asia-Europe routes were all up on a year ago.On services from Hong ...
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News
East-West airfreight price index down 9 cents in December
“Drewry’s East-West Airfreight Price Index edged down to $3.06 per kg in December 2017, a drop of 9 cents from the previous month, in keeping with seasonality.On an annual basis airfreight rates in the month were 8% above December 2016 and given anecdotal reports of tighter capacity, Drewry expects prices ...
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NewsAirfreight rates end the year on a high
Airfreight rates ended the year on a high, but indications are that pricing slowed towards the end of the year in line with the Christmas slowdown.The latest airfreight rates from TAC Index show that rates on services from Hong Kong to North America and Hong Kong to Europe increased in ...
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Airfreight rates in dramatic peak season rise, states Freightos
Against a background of IATA’s estimated 9.3% growth in world cargo volumes for 2017, airfreight rates have been dramatically up this peak season, reports online platform Freightos.Freightos stated: "While some rates have eased recently, others are heating up. Most US airlines canceled 7-10 scheduled flights coming in from China between ...
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News
Ocean rate platform Xeneta targets air cargo
Ocean freight platform Xeneta is moving into air cargo with a rates benchmarking service, planning a full launch in the 2018 second quarter.The Norwegian data company has announced its intention to bring “fresh levels of transparency to the volatile airfreight market”.Xeneta for airfreight will soon be available to selected beta ...