All Airfreight Rates articles – Page 13
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News
Freightos takeover creates world's largest air cargo rate database
Logistics technology developerFreightos has announced the acquisition of air cargo rate management provider WebCargoNet.Freightos said the acquisition would create the world’s largest database of air, ocean, and land freight rates with hundreds of millions of international and domestic rates and routes, enabling shippers and freight forwarders to conduct business online ...
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Airfreight rates climb again in July
Airfreight rates continued to climb in July, reaching a new high for the year and closing in on last year’s level.The latest figures from consultant Drewry’s Sea and Air Shipper Insight Report show that in July average global airfreight prices reached $2.82 per kg, up from June's level of $2.78 ...
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Shippers can track key airfreight rates with new index
A new air cargo freight rate index is set to provide transparency on general cargo pricing on key city pairs.Aimed at shippers, freight forwarders and financial analysts, the TAC Index is a weekly snapshot compiled on actual physical transactions for selected air cargo routes."Air Cargo is taking a step closer ...
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Drewry reports continued East–West airfreight rate decline
Drewry, the independent advisory and research organisation,has released its latest East-West Airfreight Price Index, which shows that freight rates were down by 7.4 points in January (compared to December last year) to a level of just 83.0, its lowest point since the index was first launched in May 2012.January represented ...
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Airfreight prices down in December
Airfreight prices ended the year on a low note as underlying market weakness caused rates to sharply decline, but improvements are expected in January.The latest Drewry East-West Airfreight Price Index shows that airfreight rates slid to $2.96 in December from $3.22 in November. It is the second monthly decline in ...
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European court overturns fines imposed on carriers for alleged air cargo cartel
The General Court of the European Union has annulled fines totalling nearly €800m imposed by the European Commission against a range of airlines for the alleged fixing of airfreight charges.According to the Court, "the grounds and the operative part of the decision are contradictory".The airlines named in the original lawsuit ...
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European Court judgement ruling
Here is the full text of a press release published by the General Court of the European Union regarding its annulment of the fines imposed by the European Commission on several airlines for an alleged cargo rate cartel:The General Court annuls the decision by which the Commission imposed fines amounting ...
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Tailspin ocean box rates puts airfreight volumes at risk, says Drewry
The dramatic decline in ocean container spot market rates has widened the gap between seafreight and airfreight, said supply chain advisors Drewry in its December Executive Briefing.Ocean rates are “in a rapid tailspin” with ships on the Europe to Asia trade barely two-thirds full, it said.Airfreight demand is also sluggish, ...
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Air cargo yield declines not as bad for industry as you may think
This year’s air cargo yield declines may not have had as much of a negative impact on airlines as many have suggested, according to analyst WorldACD.The latest market review from the Netherlands-based analyst shows that dollar air cargo yields including surcharges for the first nine months are down by 14% ...
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Airfreight rates on the rise, but lag behind 2014 levels
Airfreight rates continued to increase in September and while further increases are expected, prices continue to lag behind last year’s levels.The latest data from Drewry Sea & Air Shipper Insight shows that the weighted average airfreight rate on 21 key east-west trades increased to $3.22 per kg from $3.06 in ...
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Brussels Airlines Cargo applies new pricing structure
Brussels Airlines Cargo (BAC) is introducing a fixed net sum plus consolidated airfreight surcharge rate structure from October 25, following the lead set by sister companies Lufthansa Cargo and Swiss World Cargo.Said BAC: “This new structure better meets the market demand for more transparency. Instead of charging various surcharges on ...
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Drewry's east-west price index on the rise
Drewry’s East-West Air Freight Price Index recovered 2.0 points in July to a reading of 90.3, lifting it off its lowest ever level since the index was first launched in May 2012.In US dollar terms, this still left the benchmark well below the $3 per kg threshold, first breached in ...
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Rates stabilise but underlying weakness remains
Airfreight rates stabilised in July, but at almost record lows, said freight analyst Drewry in its latest East-West Air Freight Price Index.The index ended seven consecutive months of falling prices and recovered modestly by 2.0 points in July to 90.3, lifting it off its lowest ever level since the index ...
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Update: airlines Swiss-Lufthansa adopt new air cargo pricing structure
Swiss WorldCargo and Lufthansa Cargo have provided further information on their new cargo pricing structure which takes effect from October 25 this year.The pricing of both airlines will consist of just two components: a net rate and an airfreight surcharge.Said Lufthansa Cargo: “As a result, the different surcharges currently in ...
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Swiss and Lufthansa to launch new cargo pricing structure
Swiss WorldCargo and Lufthansa Cargo are to launch a two component pricing structure - a net rate plus airfreight surcharge – to reflect the "volatility of external cost factors".A joint letter to customers states: “The new airfreight surcharge will be significantly lower compared to the combined fuel and security surcharges, ...
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Logistics sector losing the price war
A large section of the logistics sector is losing the battle to implement planned price increases, coupled with an extremely low success rate when introducing new products and services.These are the results of the most recent Global Pricing Study*, based on responses from approximately 1,600 managers, conducted by the global ...
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Drewry air cargo rates index below $2.90 for the first time
Drewry's East-West Air Freight Price Index declined by another 1.1 points in June to a reading of 88.7, bringing the index down to its lowest level since it was first launched in May 2012.In US dollar terms, it fell below the $2.90 per kg threshold for the first time.Said Drewry: ...
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AMI responds to ex-works purchasing in India
AMI has responded to India’s ex-works purchasing demand with a new service that enables forwarders to “optimise the arrival time of their customers’ imports”.The trade-only airfreight and express wholesaler’s ex-works service provides door to airport transportation from any non-restricted origin point in the world, to any airport in India.The service ...
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Shippers seek quality alternative to lower freight rates
European shippers want an end to “the race to the bottom” on airfreight rates and have called for greater transparency in air cargo industry performance, to improve service quality.Joost van Doesburg, airfreight policy manager at the European Shippers´ Council (ESC), said: “Shippers are happy with lower rates, but are not ...
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Air cargo rates decline below $3 per kg mark
Air cargo rates are now at their lowest level for at least the last three years as weakening growth and overcapacity take their toll on airline performance.The latest Drewry East-West Air Freight Price Index, published today, has revealed that prices are now at their lowest level since the index began ...