All Airfreight Rates articles – Page 3
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NewsHopes diminish for an air cargo peak season boost
Hopes of a surge in air cargo demand towards the end of the year diminished in October as the latest data showed only a slight uplift in demand.The latest figures from data provider Xeneta show that air cargo demand increased 2% in October compared with September which is described as ...
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NewsAirfreight rate rises pick up pace in October
Source: Baltic Exchange Air Freight Index (BAI) powered by TAC Data Copyright: Baltic Exchange. Chart created by Air Cargo NewsAirfreight rates on major east-west trades picked up in October as the industry entered its traditional peak season (see dashboard at end of article). The latest figures from the Baltic Exchange ...
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NewsAir cargo improvements push shippers to longer term deals
The air cargo market continued to find its way out of the doldrums in September, resulting in an increase in longer term deals.The latest figures from Xeneta show that air cargo volumes in September were flat on a year ago and spot rates were down by 34% - the lowest ...
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NewsAirfreight rates continue to rise in September
Airfreight rates finally showed signs of improvement in September (see dashboard at end of article) and further increases have been recorded in the first week of October.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates - spot and contract - paid by forwarders from Hong ...
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NewsAir-ocean price difference far above pre-pandemic levels
The cost difference between air and ocean is now above pre-pandemic levels as ocean rates have rapidly declined.The latest figures from consultant Drewry Supply Chain Advisors show that airfreight now costs 16.7 times more than seafreight.Before the pandemic, airfreight typically cost around 13 times more than ocean transport.During the pandemic ...
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News
Air cargo set for slow recovery as it reaches the bottom
Air cargo volume declines have bottomed out but are expected to remain in the doldrums for a while yet.Writing in the latest Baltic Exchange air cargo market newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel said that the company felt ...
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Insights
Putzger perspective: Not there yet
Are we there yet? One of the hallmarks of summer are cars headed to vacation destinations echoing with this refrain issued at frequent intervals by kids anxious to reach the end of the journey. Adults waiting for an outcome usually have a more judicious approach to the distance, but some ...
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NewsWinter of discontent predicted as air cargo rates plummet
With volumes down and capacity up, July saw global air cargo rates continue their downward trajectory – foreshadowing a tough winter season for airlines, according to market analysis by Xeneta-owned CLIVE Data Services.“The month of July rarely provides any surprises in terms of unexpected performance levels in the global air ...
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News
Have air cargo rate and volume declines bottomed out?
The big two questions posed in the latest Baltic Exchange air cargo market update were whether rates and volumes had reached the bottom.Tackling the question on demand, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel, outlined three scenarios.Chan's bull thesis is ...
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News
WebCargo partnership to help forwarders take rates digital
Cargonerds is partnering with WebCargo by Freightos to help small and medium-sized freight forwarders process airfreight rates digitally.The collaboration enables freight forwarders to process airfreight faster and more efficiently, the partners said.The WebCargo platform is connected to the cargonerds systems with a standard interface. This allows small and medium-sized forwarders ...
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NewsAirfreight market "getting pretty nasty" as rates fall
Airlines are offering lower airfreight rates to avoid losing volumes despite data showing that demand declines have bottomed out.The latest market analysis from Xeneta's CLIVE Data Services shows that in June chargeable weight declined 1% compared with a year ago, while capacity was up 8% and dynamic load factors were ...
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NewsTop 25 air forwarders: K+N extends its lead on DHL
Kuehne+Nagel (K+N) last year extended its lead over DHL as the world’s busiest airfreight forwarder while market conditions took their toll on overall forwarder volumes (see chart at end of article).The leading 25 airfreight forwarders saw total volumes decline 6.3% year on year in 2022 to 16.9m tonnes as lockdowns ...
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NewsAirfreight rates down in June as summer lull arrives
Airfreight rates declined again in June as the quieter summer period resulted in a demand slowdown (see dashboard at end of article).The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates – based on contract and spot process paid by forwarders – on services from Hong ...
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News
Virgin Atlantic Cargo is “highly unlikely” to operate freighters again in current market
Virgin Atlantic Cargo (VAC) is “highly unlikely” to operate freighters now the air cargo market is in decline following its pandemic peak.VAC managing director Phil Wardlaw told Air Cargo News that favourable economic conditions that include high demand and rates would have to occur in the market for freighter operations ...
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NewsFreight forwarders continue the hunt for market share
Freight forwarders are on the lookout to expand their customer base as market volumes dwindle.Niall van de Wouw, Xeneta’s chief airfreight officer, said freight forwarders are becoming restless with continued reduced demand."There are a lot of ambitious forwarders in the market that want to grow – but they cannot grow ...
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News
Rates down again in May as outlook weakens
Airfreight rates on major east-west trade lanes were down again last month (see dashboard at end of article) as commentators warn that pressure on pricing will remain for the rest of the year.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates - based on contract ...
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News
Reduced demand and returning belly capacity result in "double whammy" for airfreight rates
Soft demand and continued returning belly capacity combined to hit airfreight rates again in May, and pressure on rates is expected for the rest of the year."2023 airfreight rates continue to grind lower, and the month of May was no different, enduring a double whammy of soft demand and the ...
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News
New air cargo spot rate assessments go on trial
TAC Index, which offers “live actionable market intelligence to the airfreight industry, is – in collaboration with the Baltic Exchange – trialling spot rate only assessments for air freight flying from India and Vietnam to Europe.Additional trial routes will be added shortly, all of which will, TAC Index said, “pave ...
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NewsSummer capacity boom hits airfreight rates
Source: XenetaWith the start of Northern Hemisphere airline summer schedules at the start of April, the addition of additional services has meant the addition of significantly more bellyhold capacity in the market.In fact, industry analyst CLIVE Data Services, part of Xeneta, has reported that “a flood of summer bellyhold capacity ...
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NewsCLIVE: Forwarders seek longer term contracts to secure volumes
Growth in longer term contracts between shippers and freight forwarders may reflect moves by the latter to secure air cargo volumes, according to CLIVE Data Services.This shift could indicate a ‘hunt for volume’ by forwarders, said Niall van de Wouw, chief airfreight officer at CLIVE's parent firm, Xeneta.The distribution of ...