All Baltic Exchange articles
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News
Transpacific air cargo rates pick up in August as firm demand continues
Air cargo rates on the transpacific trade picked up in August as the busy market conditions continued and companies begin to eye what is expected to be a strong peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong ...
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Airfreight rates remain firm in June
Airfreight rates on key trades out of Asia remained "firm" in June despite the market entering the quieter summer season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to both Europe and North America remained up on a year ago and also increased ...
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NewsWorsening containership market keeps the pressure on air cargo
The recent deterioration in the ocean shipping market could be pushing more cargo to airfreight following the impact of the Red Sea crisis.In its latest market update, data provider WorldACD said that over the last few weeks air cargo demand and rates from Asia Pacific origins "continue to soar well ...
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Hong Kong air cargo rates on key trades now ahead of last year
Rates on services from Hong Kong to Europe and North America are now ahead of last year's levels as demand continues to surge.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April average all-in rates from Hong Kong to North America were up 6.5% year on ...
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Airfreight rates expected to slide this year on 2023 levels
Airfreight rates are expected to continue to decline this year compared with 2023 levels as belly capacity continues to return to the market.Writing in his monthly Baltic Exchange column, Bruce Chan, director and senior research analyst covering global logistics and future mobility, at investment bank Stifel, said that international passenger ...
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Air cargo market shifts to e-commerce
The air cargo market has undergone a "fundamental shift" to e-commerce over the last few months, which has helped support increases in airfreight rates.Writing in the monthly Baltic Exchange newsletter, Neil Wilson of airfreight rate data provider TAC Index said that rates have been increasing over the last few months ...
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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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NewsMajor Hong Kong trades see airfreight rates stabilise in August
Major trades out of Hong Kong and Frankfurt saw airfreight rates stabilise in August after months of declines [see dashboard at end of article].The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average prices paid by forwarders - both contract and spot - on services from Hong ...
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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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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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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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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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Air cargo stabilises but there are risks ahead
Recent airfreight rate data appears to show that the air cargo market may have reached a new normal but the outlook remains cloudy.Writing in his monthly column for the Baltic Exchange Airfreight newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel ...
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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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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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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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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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Airfreight rates to stay above pre-Covid despite muted peak
Airfreight rates are expected to stay above pre-Covid levels for some time despite a muted peak season.Over the last few months, air cargo rates have been falling, said senior analyst at investment bank Stifel Bruce Chan in the latest Baltic Exchange newsletter.However, while they are expected to slip further given ...
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Index-linked air cargo contracts take off
The air cargo industry has witnessed a rapid increase in the use of index-linked agreements (ILA) since the start of the pandemic as firms look to protect themselves against contract breakdowns due to swings in rates.John Peyton Burnett, managing director of airfreight rate data firm TAC Index, said that prior ...