All Airfreight Rates articles – Page 8
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NewsDigital air cargo bookings continue to grow despite Covid-19 outbreak
The use of air cargo online booking portals looks set to increase over the coming months, despite a slowdown in growth during the height of the PPE capacity crunch.Freightos chief marketing officer Eytan Buchman told Air Cargo News that its WebCargo booking platform, which has 22,000 users and claims to ...
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Cathay cargo volumes under pressure as company issues profit warning
Cathay Pacific Cargo saw its airfreight volume declines deepen in June as urgent demand for personal protective equipment continued to ease.The airline saw traffic in cargo and mail tonne km terms decline by 35.8% year on year to 596m in June, while cargo volumes were down 43.1% compared with last ...
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Transpacific airfreight rates edge back up
Transpacific airfreight rates increased last week as two US carriers temporarily back tracked on their plans for services to Hong Kong.The latest figures from TAC Index show that airfreight rates from Shanghai to North America increased by 4.2% week on week to $4.69 per kg while from Hong Kong to ...
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NewsShanghai airfreight rate declines show signs of slowing
Airfreight rate declines out of Shanghai have shown signs of stabilising over the last week.The latest figures from TAC Index show that prices from Shanghai to North America last week declined by 4.3% compared with the previous week to $4.50 per kg.From Shanghai to Europe prices slipped by 2.4% week ...
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NewsDeclining rates add to pressure on cargo-only PAX flights
Freight rates out of China continued their return to normal seasonal levels last week, putting further pressure on the use of passenger-freighter flights.The latest figures from TAC Index show that average rates from Shanghai to Europe last week declined by 30.8% week on week to $3.70 per kg. Prices are ...
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NewsGuarded optimism as air cargo volumes improve in May
WorldACD May 2020 figuresThe air cargo market showed some signs of improvement in May although a full rebound is not expected soon, according to analyst WorldACD.The analyst said that worldwide, chargeable weight carried by air, decreased by 29% compared with May 2019, which is an improvement on the 34% drop ...
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NewsAir cargo load factors reach two-year high
Air cargo load factors have reached their highest level since at least 2018, according to the latest analysis from CLIVE Data Services.Figures from the data provider show that dynamic load factors - based on volume rather than weight - have now hit 71%, representing the highest level since the company ...
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Air cargo rates and capacity on the slide as PPE demand weakens
Airfreight rates and capacity both declined last week as demand for the transportation of personal protective equipment (PPE) continues to slow.The latest figures from TAC Index show that airfreight rates from Shanghai to North America declined by 12.8% week on week to $5.06 per kg, while from Hong Kong to ...
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NewsCargo the bright spot for airlines as revenues expected to soar
Air cargo is expected to be the "bright spot" for airlines in 2020 as revenues are forecast to hit near-record levels, according to the latest IATA market outlook.The airline association said that cargo volumes will decline by 16.8% this year to 51m tonnes, but a severe shortage in cargo capacity ...
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NewsAirfreight rates tumble as urgent PPE demand slows
Airfreight rates out of Shanghai and Hong Kong continued to decline last week as urgent demand for personal protective equipment (PPE) begins to slow.TAC Index figures show that last week average prices from Shanghai to North America dropped by 23.9% week on week to $5.80 per kg. From Hong Kong ...
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NewsAirfreight rates continue to decline on key trades
Airfreight rates out of Shanghai continued on a downward trajectory last week as air cargo capacity on key routes remained steady.The latest figures from TAC Index show that average airfreight rates between Shanghai and North America last week dropped by 29.6% compared with a week earlier to $7.62 per kg.This ...
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NewsAirfreight rates from Shanghai decline as outlook remains uncertain
Seabury Consulting air cargo capacity May 28Airfreight rates out of Asia Pacific appear to have peaked, with prices from Shanghai to Europe and North America both declining last week.The latest figures from TAC Index show that after seven weeks of rapid increases, rates from Shanghai to North America last week ...
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Rates from Hong Kong decline but continue to climb from China
Airfreight rates from Hong Kong to the US fell last week while pricing out of China continues to increase as airport congestion continues.The latest statistics from TAC Index show that last week average prices from Hong Kong to North America dropped by 23.4% compared with a week earlier to $6.49 ...
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Asia-Europe airfreight rate growth shows signs of slowing
Airfreight rate increases between Asia Pacific and Europe showed signs of slowing down last week as coronavirus lockdown measures began to be eased.Data from TAC Index shows that last week average airfreight rates from Shanghai Pudong to Europe declined by 4.5% on a week earlier to $9.98 per kg.This is ...
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Air cargo capacity continues to climb but so do rates
Airlines have been continuing to respond to urgent demand for the transport of medical equipment by adding extra cargo capacity but it has not put the brakes on rate increases out of China and Hong Kong.TAC Index figures show that last week average air cargo rates from Shanghai to North ...
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NewsPPE 'mayhem' continues to push China air cargo rates
Air cargo rates out of China increased again last week as demand for the transport of personal protective equipment (PPE) continued to surge.The latest figures from TAC Index show that average air cargo rates from Shanghai to North America last week increased by 9.7% on a week earlier to reach ...
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Baltic Exchange to add airfreight pricing index
Derivatives trading platform Baltic Exchange will adopt TAC Index airfreight rate data to publish its first index of airfreight prices along major air trade lanes.The Baltic Exchange, which traces its routes back to the 1700s, provides benchmark assessments for the maritime markets which are used to settle billions of dollars-worth ...
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TAC Index: Air cargo pricing from China surges again
Airfreight rates from Shanghai to Europe and the US surged again last week as capacity on the trade lanes remained tight.The latest statistics from TAC Index show that prices on services from Shanghai to North America last week increased by 9.3% week on week to $6.95 per kg, which is ...
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Cargoguide offers free licenses to support home-working forwarders
Rate platform Cargoguide is offering free user licenses to help home-based freight forwarders stay on top the rapidly changing market.Last month, Cargoguide began offering free user licenses to help home-based freight forwarders, who are currently adapting to their new way of working, and is now asking carriers to share their ...
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China airfreight rates continue to surge
Airfreight rates out of China have rapidly increased over the last week, but thoughts are now turning to the impact of lower consumer demand in Europe and the US.The latest TAC Index figures show that average airfreight rates on services from Shanghai to the US last week increased by 29.7% ...