All Airfreight Rates articles – Page 9
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News
China airfreight rates spike while Cathay mulls cargo only PAX flights
Airfreight rates from China increased rapidly last week as demand from China begins to ramp up but spare capacity remains tight.The latest figures from TAC Index show that last week average airfreight prices from Shanghai to North America increased by 32.3% on a week earlier to $4.02 per kg, while ...
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NewsAirfreight rate data points to China demand surge ahead
Intra-Asia airfreight rate data could indicate a surge in cargo from China over the coming weeks.The latest figures from TAC Index show that airfreight rates on services between China and Singapore, and from China to Korea dramatically spiked over the last few weeks.Prices from Singapore to China reached just over ...
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Airfreight rates show signs of improvement in January
Airfreight rates showed signs of improvement in January, but the outlook is clouded by the timing of the Chinese New Year and the impact of the coronavirus.The latest data from Tac Index shows that in January prices on services from Hong Kong to Europe were level with a year earlier ...
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Coronavirus clouds airfreight outlook
The coronavirus is beginning to affect airfreight prices in Asia, derivatives broker Freight Investor Services (FIS) has reported.However, the FIS added that the outbreak is leading to severe reductions in airfreight volume from Asia due to quarantine measures, which has in itself limited the amount of available data – and ...
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News
Air cargo contracts expected to be at lowest level for four years
The baseline price of airfreight ACMI and block-space agreements are expected to be negotiated at their lowest level in four years despite expectations of a pick up in 2020.Speaking to Air Cargo News, Peter Stallion of airfreight derivatives broker Freight Investor Services (FIS) said that contracts tended to be negotiated ...
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A tough year for air cargo rates but some positives
Airfreight rates on major east-west trade lanes ended the year behind 2018 levels, but the picture is more positive when taking a longer term perspective.Data from TAC Index shows that in December rates on services from Hong Kong to North America declined by 22.6% on last year to an average ...
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NewsAirfreight rates continued to climb as year came to a close
Airfreight rates continued to climb in November as average prices reached their highest level in 2019.The latest east-west airfreight price index from consultant Drewry's Sea and Air Shipper Insight report showed that prices reached $3.02 per kg in November – the highest level since December last year.The fact that 2019 ...
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HK forwarders warn of further hurdles despite cuts to terminal charges
Hong Kong forwarders have welcomed Cathay Pacific’s plan to cut terminal charges but warn that these need to be maintained for a longer period than planned and called on other airlines to follow suit.“In view of the [fact that] Hong Kong Airport’s freight throughput continues to wane and cargo volumes ...
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DB Schenker outlines a challenging year ahead for airfreight
DB Schenker’s head of airfreight in the Americas is expecting another challenging year for the industry with flat airfreight rates, the ongoing trade war and a shift in production all affecting the market.In a blog post, DB Schenker head of airfreight, region Americas, Asok Kumar said that market indicators pointed ...
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News
Asia-Europe air cargo rates close in on 2018 levels in November
Airfreight rates on the Asia-Europe trade closed in on 2018 levels in November, but transpacific prices for the month still lag behind a year ago.The latest figures from TAC Index show that in November rates on services from Hong Kong to Europe declined by 3.3% year on year to $3.26 ...
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NewsDrewry East-West airfreight rates rose in October
Drewry’s East-West Airfreight Price Index nudged up by 3% to a reading of 93.0 in October, up from 90.8 in September.As the research and consultancy company predicted last month, all-in airfreight rates rose in October – to $2.74 from $2.67 per kg. However, this is 9% below the level of ...
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News
Air cargo peak quickly peters out
The air cargo peak season appears to have quickly fizzled out this year, following on from two bumper years in 2017 and 2018.The latest freight rate data appears to show that the rise in prices experienced at the start of November has quickly flattened off.Tac Index figures show that prices ...
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Peak season arrives as Asia-Europe rates take off
Airfreight rates on services between Hong Kong and Europe have started to pick up as the peak season finally gets underway.The latest figures from Tac Index show that in October the average price on services from Hong Kong to Europe reached $2.82 per kg, up from $2.56 in September.While average ...
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NewsDrewry: airfreight rates continue to decline
Drewry’s East West Airfreight Price Index climbed 8.36% between August and September to reach a reading of 90.8 – but airfreight rates fell 6% compared to the same month last year, to average $2.67 per kilo.This contrasted with Drewry Sea & Air Shipper Insight’s prediction that rates would increase in ...
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NewsK+N reports continued pressure on airfreight
Detlef TrefzgerA Kuehne + Nagel (K+N) earnings call yesterday (October 22) offered more detail on the supply chain services giant’s third-quarter and year to date performances that had previously been outlined in a press release and reported in ACN.The financials present a mixed picture. Over the first nine months of ...
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NewsDrewry reports ongoing drop in airfreight rates
The latest Drewry East-West Airfreight Price Index has reported a fall in airfreight rates in August, compared with July and August 2018.Drewry Sea & Air Shipper Insight noted: “Airfreight rates fell from $2.56 to $2.46 in August from July, and a drop of 4% from August 2018.”But, more positively, it ...
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Airfreight rates on key routes tumble in August
Airfreight rates on the major transpacific and Asia-Europe routes began to come under severe pressure in August as demand declines increasingly take their toll on pricing.The latest figures from TAC Index show that average prices on services from Hong Kong to North America slipped by 16.9% year on year to ...
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NewsAir cargo demand declines show signs of slowing in July
Air cargo demand declines appeared to slow in July, but the timing of weekends and holidays may have had an impact on the monthly performance.The latest figures from WorldACD show that air cargo demand declined by 4.2% in July, which is an improvement on the 8.9% fall reported in June.However, ...
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Airfreight rates flat line for summer slowdown
Airfreight rates flat lined in July as the air cargo industry entered the quieter summer months.The latest figures from Tac Index show that average rates on transpacific, Asia-Europe and transatlantic trade lanes for July were all fairly flat compared with the previous month.However, prices do continue to lag behind the ...
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June airfreight rates down on last year, says Drewry
The latest Drewry East-West Airfreight Price Index indicates a dip in airfreight rates for June, compared to the same month of 2018.According to Drewry’s Sea & Air Shipper Insight: “Drewry’s East-West Airfreight Price Index inched up 1 percent in June – but remain 4 percent lower than in June 2018. ...