All Airfreight Rates articles – Page 5
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Insights
Putzger perspective: Air cargo's descent to normal
Economic turmoil is emerging worldwide and both airfreight rates and demand are feeling the strain, writes Ian Putzger.The music is still playing, but the party is drawing to a close. Now the question is if a hangover lies ahead.According to CLIVE Data Services (now part of Xenata), airfreight volumes and ...
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Insights
Transpacific airfreight pricing dips below 2021 levels in August
Average airfreight rates on major air cargo routes to North America slipped below last year's levels in August as demand remained flat during the month.Figures from the Baltic Exchange Airfreight Index (BAI) show that in August, average airfreight rates from Hong Kong to North America declined 3.6% year on year ...
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News
DHL reports airfreight demand low but capacity increasing
Air cargo demand remains low but capacity is increasing, according to DHL’s latest Airfreight State of the Industry report.According to the report, published this month, inflation and reduced purchasing power are among the reasons why demand is low.Although volumes “remain softened” they are stable following the peak drop seen in ...
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NewsLate July stabilisation in air cargo demand fades in August
A partial recovery in air cargo volumes in the second half of July faded in August as Asia outbound demand began to weaken.Statistics from data provider WorldACD show that in the two weeks ending August 14, worldwide cargo volumes in chargeable weight decreased by 5% compared with the final two ...
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Insights
Air cargo rates stabilise for summer period
Airfreight rates on key trade lanes were stable in July for the quieter summer period but remain far above pre-pandemic levels.The latest data from the Baltic Exchange Airfreight Index (BAI) show that average rates on services from Hong Kong to North America dropped by 2.6% in July compared with June ...
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News
Unexpected airfreight rate stagnation down to fuel prices and a slowing market
Many had expected the opening up of Shanghai and Hong Kong following strict Covid lockdowns to result in a surge in rates from Asia as factories played catch up following months of closure.However, TAC Index figures show that rates actually declined marginally in June compared with May from Hong Kong ...
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NewsAir cargo volumes down again while rates continue to cool
Air cargo demand declined compared with a year ago for the fourth month in a row in June, according to the latest statistics from CLIVE Data Services.Figures from the Xeneta-owned data provider show an 8% year-on-year decline in chargeable weight in June, following on from drops in March, April and ...
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News
Airfreight rates on key lanes fall in June
Airfreight rates on key east-west trade lanes fell in June as the air cargo market enters the quieter summer period.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that airfreight rates from Hong Kong to North America dropped by 10.1% in June compared with May to $8.72 per ...
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News
Ground bottlenecks causing higher air cargo rates
High rates in the air cargo industry are caused by bottlenecks in ground handling capacity rather than aircraft capacity constraints.This is according to Niall van de Wouw, co-founder of CLIVE Data Services and now chief airfreight officer at Xeneta, who explained in a TIACA Economics4Cargo airfreight update on June 16 ...
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News
China airfreight rates predicted to rise in coming months
Airfreight rates out of China are expected to rise over the coming months while the peak season could be muted, according to Bruce Chan, senior analyst at investment bank Stifel.In the latest Baltic Exchange market round-up, Chan said that rates out of Hong Kong and China had remained high over ...
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News
Airfreight rates pick up in May despite demand declines
Airfreight rates on major east-west trades continued to increase on a year ago in May despite analyst figures showing demand declines over the last few months.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates from Hong Kong to North America in May increased by 21.7% ...
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News
Shanghai port congestion could pile on airfreight pressure
Covid lockdown measures in Shanghai are drawing to a close but a backlog of shipping containers at the Port of Shanghai could once again fuel airfreight congestion and demand.In its May 24 airfreight update for North China, Flexport said that businesses are reopening after Covid curtailment measures forced them to ...
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News
Airfreight rates to continue to rise despite easing demand?
The current easing of the airfreight market may only be a temporary blip and rates could rise further once lockdowns in China are lifted, according to Bruce Chan, senior analyst at investment bank Stifel.In the latest Baltic Exchange market round-up, Chan said that despite a year on year drop in ...
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News
Airfreight rates begin to rise in April
Airfreight rates on major east-west trades began to creep back up in April following the previous month's decline, as demand began to rise in line with seasonal trends.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April the average rate from Hong Kong to North America ...
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NewsWorldACD: Air cargo demand flat in Q1 as lockdowns take their toll
Air cargo demand was flat in the first quarter of the year as Russia's invasion of Ukraine and lockdowns in China put the breaks on growth.Figures from data provider WorldACD show that chargeable weight transported by air cargo increased by 2% year on year in January and February but then ...
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News
Shanghai airfreight remains under pressure from city lockdown
Operations at Shanghai Pudong International Airport (PVG) remain constrained as it largely handles pre-lockdown air cargo and supply chain operations are still limited.This is according to the latest advisory from UK-based logistics, freight forwarding & supply chain specialist Woodland Group.Commenting on how Shanghai is coping with its extended Covid lockdown, ...
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NewsOceanfreight consolidation set to benefit air cargo in the long term
Tom Crabtree. Source: Air Cargo NewsThe consolidation of the oceanfreight market is set to benefit the air cargo market in the long term as the price differential between the two modes will remain closer than in the past.Speaking at this week's Nordic Air Cargo Symposium, Boeing Commercial Airplanes market analysis ...
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NewsAir cargo demand takes a hit in March but rates stay high
Air cargo volumes in March declined compared with a year earlier as the market was hit by the war in Ukraine, sanctions and lockdowns in China.The latest figures from CLIVE Data Services, which is part of the Xeneta rate benchmarking platform, show that demand for March was 4.5% down compared ...
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InsightsAirfreight customers take hit from Ukraine rates rise
Airfreight customers will pay the price as the Russia-Ukraine war continues and impacts rates.Speaking exclusively to Air Cargo News, The Air Charter Association chief executive officer Glenn Hogben says airlines have been forced to change their Asia-Europe routes to avoid Russian and Ukraine airspace since the later country was invaded, ...
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Insights
Putzger perspective: Are yields too good for change?
Chief financial officers of cargo carriers could be excused for taking a sabbatical, safe in the knowledge that pricing will remain in the stratosphere for some time.The mix of low inventory levels, continuing volatility and the continuing congestion in maritime supply chains with tight capacity was spelling lofty rates already, ...