All Airfreight Rates articles – Page 2
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News
Ocean and airfreight rate differential narrows
The difference between ocean and airfreight rates has narrowed to its lowest level since the third quarter of 2022 as container supply chains continue to come under pressure.Writing on LinkedIn, data provider Rotate's Tim van Leeuwen and Mels Wittenburg pointed out that on a global level ocean rates are now ...
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News
Air cargo looks to index-linked deals in response to a volatile market
Freight forwarders and shippers are increasing the use of index-linked deals due to current industry volatility.Speaking on a webinar from data provider Xeneta and Tiaca, the two organisations said that supply chains were facing unpredictability and elongated transit times in ocean shipping due to the Red Sea crisis.Meanwhile, e-commerce volumes ...
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NewsEtihad Cargo sees revenues decline in 2023 as market rates cooled
Etihad Cargo registered a decline in its cargo revenues last year as the wider air cargo market cooled following the Covid boom.The Abu Dhabi-headquartered airline saw its cargo revenues in 2023 decline by 38% year on year to $914m following the "exceptional yield registered in 2022 due to Covid".Meanwhile, cargo ...
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News
Airfreight rates on major trades remain down on 2023 levels in February
Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing of Lunar New Year break affected performance.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America were down 5.5% year on ...
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News
Awery reports Red Sea-related rates rise
There are conflicting opinions about the extent to which the Red Sea shipping crisis is impacting airfreight, but airfreight rates have risen, according to Awery Aviation Software.Tristan Koch, chief commercial officer at Awery told Air Cargo News that the software company’s CargoBooking platform “has shown average rate increases of 10-50% ...
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InsightsSurvey: Air cargo optimistic for the year ahead
Air Cargo News recently carried out a survey of airfreight professionals and found the majority are expecting market conditions to improve this year.The air cargo industry is optimistic the market will improve in the coming year, with expectations that both volumes and rates will increase in 2024.A survey of more ...
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NewsAir cargo volumes up 10% in January but rates weaken
Air cargo volumes rose 10% year on year in January, but this hasn't resulted in higher rates due to the availability of capacity.Shippers' concerns about Red Sea - Suez Canal supply chain delays, plus an early Lunar New Year, have pushed up air cargo volumes, although spot rates have declined, ...
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News
Airfreight rates on the up as January draws to a close
Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports of a move from sea to air due to the Red Sea crisis.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in the last full week of ...
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NewsJanuary air cargo volumes "significantly up" on last year
Worldwide air cargo demand in January remains "significantly up" on a year ago with improvements across nearly all the main regions, according to the latest figures from data provider WorldACD.Figures from the company show that in the two weeks running to January 21, air cargo demand levels are up 5% ...
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News
Retail's Red Sea move feeding airfreight volumes?
Signs are starting to emerge that retail shippers are sending more goods by airfreight as the Red Sea crisis continues, but the next few weeks will determine whether there is a real shift from ocean freight to airfreight, according to Xeneta.Niall van de Wouw, Xeneta chief airfreight officer, said: “When ...
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News
Top German cargo hubs see cargo volumes slide in 2023
Leading German cargo hubs Frankfurt and Leipzig/Halle both saw their cargo volumes fall in 2023 as the economic conditions put pressure on the market.Germany's busiest cargo airport, Frankfurt, saw cargo throughput comprising airfreight and airmail decline 3.9% year on year to 1.9m tons. Compared with pre-Covid 2019 volumes were down ...
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News
Airfreight rates expected to slide this year on 2023 levels
Airfreight rates are expected to continue to decline this year compared with 2023 levels as belly capacity continues to return to the market.Writing in his monthly Baltic Exchange column, Bruce Chan, director and senior research analyst covering global logistics and future mobility, at investment bank Stifel, said that international passenger ...
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NewsAir cargo eyes a year of uncertainty and opportunity
Geopolitical uncertainty and unpredictability could fuel demand for air cargo as shippers move to benefit from the stability of services.Figures from data provider Xeneta show that air cargo demand increased by 9% year on year in December - although this is partly a reflection of a weak end to 2022 ...
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News
Airfreight rates slide as 2023 draws to a close
The last few weeks of 2023 saw airfreight rates start to fall as demand eased after the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in December all-in rates paid by forwarders (contract and spot) from Hong Kong to North America increased to $7.10 per ...
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News
Red Sea conflict sees air cargo demand rise
Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics.The international transport and logistics company said that the "volatile" situation, which has resulted in higher rates, increased transit times and supply chain delays, will squeeze airfreight capacity."The increased ocean ...
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News
Panama and Suez Canal double crisis threatens global supply chains
Persisting Suez Canal and Panama Canal-related supply chain delays and increased rates may see shippers and forwarders opting for air cargo.Shipping operations are currently being compromised by the need to avoid the Suez Canal due to the risk of attacks in the Red Sea, and restrictions on the Panama Canal ...
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News
Air cargo market shifts to e-commerce
The air cargo market has undergone a "fundamental shift" to e-commerce over the last few months, which has helped support increases in airfreight rates.Writing in the monthly Baltic Exchange newsletter, Neil Wilson of airfreight rate data provider TAC Index said that rates have been increasing over the last few months ...
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News
Mother nature helps push up airfreight rates
Airfreight rates continued to rise last week as weather conditions, volcanic activity and wars put capacity under pressure.The latest figures from TAC Index show that the overall Baltic Air Freight Index was up 4.6% in the week to November 20 compared with the previous seven days.The increases were led by ...
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NewsTAC Index reveals little change in airfreight rates in early November
The BA100 powered by TAC data. Image Source: TACGlobal air freight rates were little changed over the first week of November, according to the latest data from TAC Index.TAC acts as the calculating agent for the Baltic Exchange and it notes that the overall Baltic Air Freight Index (BAI00) was ...
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News
Latest BAI figures inspire mixed feelings
The latest Baltic Exchange Airfreight Index (BAI) just released (in early November) suggests that rates outbound from Asia accelerated in October, but not by enough to change expectations for a muted peak season – so writes Bruce Chan, director and senior research analyst covering global logistics and future mobility at ...