All Airfreight Rates articles – Page 14
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News
Shift from ocean to air, but for how long?
The air cargo industry has won marketshare from ocean rivals over the last year, but analysts have warned there will be a return to sea transport.In its weekly insight analysis, Drewry Maritime Research highlighted the modal shift that had taken place as US west coast port congestion caused by difficult ...
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East-west airfreight prices hit low point in April
Drewry’s East-West airfreight price index declined by 0.7 points in April to a reading of 98.8, bringing the index down to its lowest level in over 12 months.Compared to the same month last year average rates fell five points, "indicative of underlying market weakness rather than seasonal factors," said Drewry.The ...
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Drewry's airfreight rate index slips in March
Drewry’s East-West Air Freight Price Index slipped 2.3 points in March to a reading of 99.5, losing the gains achieved in the previous month.The London-based consultancy said: "A retreat in pricing was anticipated with load factors softening following factory closures over the Chinese Lunar New Year holiday period and from ...
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Stop obsessing about price, shippers tell carriers
Discussions between shippers, airlines and transport providers too often boiled down to price, lamented panellists at a forum organised by the new Global Shippers Alliance (GSA).This was the first major event organised by the GSA, which was formed in March by the European Shippers’ Council, the Asian Shippers’ Association and ...
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The spectre of further rate wars...
AIR CARGO operators are warning against knee-jerk rates wars amid Eurozone stagnation in the second quarter impacted by deepening global political unrest, writes Thelma Etim, deputy editor.“The main concern is that political instability, mainly between Russia and Europe/USA will escalate further and subsequently will affect the already fragile economic recovery,” ...
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Second half surge boosts Cathay Cargo in 2014
Cargo's stronger second half in 2014 helped Cathay Pacific Group report a 20.2 per cent surge in attributable profit to HK$3.1bn for the full year.Group turnover in passenger and freight increased by 5.5 per cent to HK$106bn. Cargo revenues increased by 7.3 per cent to HK$25.4bn compared with 2013.Cathay, which ...
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East-west rates end two-month decline
Drewry Sea & Air Shipper Insight’s East-West Air Freight Price Index ended a two-month decline in February, gaining 2.2 points to reach 101.8.The index has lost over 21 points from November’s all-time high. February’s reading was actually 5.6 points above that for the same month last year which, says the ...
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WCS: Airfreight volumes, a Chinese puzzle
It is a truth universally acknowledged that if China sneezes, the rest of the world will catch a cold, writes Martin Roebuck.The airfreight world may need to keep aspirin on standby for the rest of this year, analyst Gert-Jan Jansen, head of Seabury Cargo Advisory, warned delegates at the World ...
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The cost of modal shift
MODAL SHIFT to ocean and other surface freight has cost the air cargo industry almost two percentage points of annual growth since 2000.The problem is set to continue at a moderate pace, says a report conducted by research firm Seabury Group and IATA.It reveals that airfreight’s share of total global ...
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IATA: Speaking out for air cargo’s global image
IT BEGGARS belief that an industry vital to international trade remains so invisible to the rest of the world, writes Thelma Etim, deputy editor.This may be one of the reasons why the air cargo industry has been allowed to operate in a technological time-warp for so long, while other industry ...
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Tone of cautious optimism for final quarter of 2014 for global air cargo
"The air cargo industry is seeing stability" Michael Steen, Executive Vice President & Chief Commercial Officer, Atlas Air Worldwide Holdings told attendees at Cargo Facts Aircraft Symposium in Miami. "The question to ask" he added, "Is it sustainable growth? While there is solid growth in many markets of between 3-5% ...
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Costly Cartels
Lawyers rarely go hungry and they may be about to feast on a billion dollar lawsuit relating to the airlines’ air cargo cartel, writes Roger Hailey, Air Cargo News Editor.German rail and logistics giant Deutsche Bahn (DB) made a great media fanfare of its minimum $2.2bn claim in the US ...
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Thumbs up for Emirates' all-in freight rates
Shippers and forwarders have welcomed Emirates SkyCargo’s move to introduce an all-inclusive freight rate that does away with separate pricing components based on weight/volume plus fuel and security surcharges.“It is the best start to 2015 that I could imagine,” said Joost van Doesburg, airfreight policy manager with the European Shippers’ ...
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French forwarders slam fuel surcharges
French freight forwarders have called on airlines to end separate fuel surcharges, which they argue are no longer relevant.TLF Overseas, the French freight forwarders organisation representing 95 per cent of general air cargo transactions, expressed its “incomprehension” of a situation that requires “more transparency and real positive economic signals from ...
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FIATA welcomes all-in freight rates
FIATA has joined the air cargo industry chorus calling for the elimination of fuel and security surcharges in airline freight rates.The International Federation of Freight Forwarders Associations said: “The simplification of rate structures will be a significant benefit to forwarders and shippers alike."Forwarders have for a very long time desired ...
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Airlines respond to price-fixing charges
Three of the seven airlines named in a US price-fixing lawsuit by forwarder DB Schenker have filed motions to dismiss the action.At the Eastern District of New York court on January 16, All Nippon Airways and Cargolux argued that the German-based forwarder had been ‘forum shopping’ – choosing the jurisdiction ...
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Hellmann: How to fight back
There is a lot of talk these days about mode shift from air to seafreight, so it is good to hear a forwarder talking about double digit increases in airfreight volumes.This is the story for Hellmann Worldwide Logistics in Europe, where Jens Tarnowski, chief executive region Europe (air and sea ...
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Dentressangle extends HK consolidations to the UK
Norbert Dentressangle is extending its Hong Kong air cargo consolidations to the UK, following the launch of a similar service to Paris.With cargo space on flights from China and Hong Kong at a premium in the weeks and months leading up to the Chinese New Year, the freight forwarder will ...
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IAG Cargo to offer all-in freight rates
IAG Cargo is joining the all-in freight rates club, following the lead set by Emirates SkyCargo and Qatar Airways.A spokesman for the cargo arm of British Airways and Iberia said that it will remove the fuel surcharge and exceptional handling charges “to offer a simpler pricing structure”.He added that the ...
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Rising space keeps loads factors down
Freight and passenger loads fell in January compared to December, reflecting the fall in volumes and continued growth in international market capacity, said IATA in its latest Airlines Financial Monitor for January-February.Airfreight capacity increased slightly in January, but more moderately than at the end of 2014. Most of the slowdown ...