All Airfreight Rates articles – Page 4
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News
Airfreight rates climb on the transpacific in March
Transpacific airfreight rates picked up in March, although there were further declines from Hong Kong to Europe and across the Atlantic.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that prices from Hong Kong to North America in March increased by 9% compared with February to $5.38 per ...
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Insights
Putzger perspective: Air cargo navigates stormy skies
Recent months have been relentlessly tough to navigate for air cargo carriers, as imploding demand has yanked rates and yields out of the stratosphere to levels last seen before the pandemic.The reverberations are taking a toll on capacity expansion, as operators are having second thoughts on their anticipated need for ...
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NewsAir cargo capacity rises above pre-pandemic level while industry faces risk of zero growth
Air cargo capacity is continuing to climb and rose above the pre-pandemic level for the first time in four years, according to the latest market analysis from CLIVE Data Services.Global air cargo capacity increased for the eleventh consecutive month in February, up 11% on the same period last year.Meanwhile, global ...
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News
First signs of recovery in air cargo?
The air cargo market could be showing the first signs of a possible recovery fuelled by the restart of production at Chinese factories.Data provider TAC Index said that while air cargo rates "continued to edge slightly lower" last week there were indications of the "first shoots of recovery" for some ...
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News
Rates on major trades down but still more than 50% above pre-Covid levels
Airfreight rates continued their downward spiral in January but are still above pre-Covid levels.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in January declined to $6.14 per ...
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NewsCLIVE points to continued uncertainty in the air cargo market
Industry analyst CLIVE Data Services has said that global air cargo demand continued to fall in January, down 8% year on year, partly the result of an earlier than normal Chinese New Year and partly due to global economic headwinds.The 8% year on year fall in global airfreight demand in ...
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News
DHL: Demand down but hope as inflation expected to ease
DHL Global Forwarding’s December 2022 ‘Airfreight State of the Industry’ report painted a fraught operating landscape but the outlook isn't entirely gloomy.Following November's low volumes, demand continued to remain reduced on most trade lanes and is likely to continue into 2023, said the report.DHL said that e-commerce shipments only added ...
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Insights
Putzger perspective: Full steam ahead for air cargo headwinds
Industry forecasts for this year are largely pessimistic with the outlook for demand muted at best, though capacity looks set to grow, writes Ian Putzger.“Air cargo peak season has now officially failed to materialise,” wrote Freightos head of research Judah Levine on December 7, pointing to year-on-year drops of more ...
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Insights
Where now for UK air cargo? A year in review
2022 saw its fair share of challenges within the logistics industry, as the UK continued to navigate post-pandemic life and the government underwent reforms.As the economy returned to a new normal, air cargo has proved its value as a key link in keeping the country’s supply chain intact, but has ...
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News
Rates end 2022 on a flat note but ahead of pre-Covid levels
Airfreight rates on key trade lanes ended the year on a flat note, but remain above pre-Covid levels.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in December ...
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NewsCLIVE: Dig deeper for true air cargo market picture
The air cargo industry is holding its own given the economic pressures it faced last year and despite a consistent drop in demand.According to the latest industry analysis by Xeneta-owned CLIVE Data Services, in December, chargeable weight fell 8% year on year and the general airfreight spot rate registered its ...
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NewsIATA: Airlines to return to profit next year but cargo under pressure
Airline association IATA is expecting airlines to return to profit next year after three years of losses due to the outbreak of Covid but cargo volumes, yields and profits are set to decline.IATA said that in 2023 it expects airlines to post a "small" net profit of $4.7bn, which equates ...
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News
Air cargo rates continue to decline in November
Air cargo pricing on some of the world's major trade lanes continued to decline in November, bucking usual seasonal trends.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that spot and contract rates paid by forwarders on services from Hong Kong to North America slipped to an average ...
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NewsRates continue to soften
Image source: ShutterstockA muted peak season has seen air cargo rates continue to soften in the fourth quarter, crossing below 2020 peak season levels in some cases, but a late season surge in volume is still possible.October air cargo yields saw continued “sequential deceleration from mid-year levels and perhaps even ...
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News
Airfreight rates decline again in October
Airfreight rates continued to buck normal seasonal trends and declined again in October as the air cargo market remained subdued.The market usually sees an increase in rates out of Asia between September and October as the industry continues to ramp up toward the peak season. However, that was not the ...
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News'Jumpy' airfreight market sees spot rates fall again
General airfreight spot rates have fallen as the air cargo market faces lower demand and more capacity.According to the latest weekly market data from Xeneta-owned CLIVE Data Services, general airfreight spot rates fell 9% year-on-year in September, to below the 2021 level for the first time this year, as returning ...
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News
Airfreight rates on key lanes continue gradual descent in September
Airfreight rates on key trade lanes out of Asia continued to weaken in September despite the industry heading towards the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in September rates from Hong Kong to North America declined by 18.5% compared with a year ago ...
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News
Air cargo still benefiting from high cost of box shipping
Air cargo will continue to benefit from the narrowing of pricing compared with ocean shipping despite that difference coming down in recent months.Speaking on day one of the IATA World Cargo Symposium (WCS), IATA chief economist Marie Owens Thomsen pointed to statistics showing that the gap between ocean and airfreight ...
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NewsAir cargo rates continue to soften
Global air cargo rates have continued to soften in September, according to the latest figures from WorldACD Market Data.WorldACD said that air cargo prices continued their gradual decline in the first two full weeks of September, while volumes increased slightly in the second week after a drop in the first ...
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NewsIs air cargo set for a better-than-expected peak season?
The air cargo demand figures for August could signal a better-than-expected end to the year, according to data provider CLIVE Data Services.The latest figures from Xeneta-owned CLIVE show that in August air cargo demand was 5% down on a year earlier, a more modest decline than the 8% and 9% ...