Data news – Page 14
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News
IAG Cargo volumes continue to recover in the second quarter
IAG Cargo saw its revenues and volumes improve in the second quarter of the year but demand still lags pre-covid levels.Revenues for the period grew by 13.6% year on year to €419m, while cargo tonne kms (CTK) improved by 72.8% on last year to 999m and tonnes carried increased 55.8% ...
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NewsAAPA: Asia Pacific air cargo market "resilient" in June
The Asia Pacific region's air cargo market has remained resilient — a contrast to the "suppressed" passenger market, according to the Association of Asia Pacific Airlines (AAPA).AAPA's preliminary June 2021 air traffic figures show that international air cargo demand for Asia Pacific-based carriers, measured in freight tonne km (FTK), increased ...
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InsightsIATA: Strongest half-year cargo demand since 2017 but capacity remains constrained
IATA has highlighted the need to re-establish passenger network connectivity to boost bellyhold capacity and ultimately airline revenues, as cargo demand remains strong.Speaking at a media update this week, Ezgi Gulbas (pictured below), senior economist at IATA, said overall cargo demand in the first half of this year was 8% ...
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News
Tac Index adds new routes to freight rate data
Airfreight rate data provider Tac Indices has added several new routes to its service.The newly launched Tac routes include Vietnam-Europe, US-China, US-South America and US-Europe.Tac managing director John Peyton Burnett said: “Our newly launched routes have become important trade lanes for air cargo in recent years, and we are very ...
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NewsAir cargo gains from rising prices in ocean shipping
High ocean freight rates caused by service disruption is helping push forwarders and shippers to use airfreight.In its latest market summary, airline association IATA said that air cargo is benefitting from "exceptionally congested" container shipping supply chains.It pointed out that the cost-competitiveness of air cargo relative to that of container ...
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NewsCLIVE: Air cargo back on track for recovery
Source: CLIVE Data ServicesAir cargo demand returned to growth in June following a drop in May as a result of public holidays.The latest statistics from CLIVE Data Services show that air cargo demand in June increased by 1% compared with the same month in 2019 (used for comparison due to ...
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News
IATA: Volumes outperform pre-Covid levels, but pace slows in May
IATA has reported in its latest market analysis that air cargo volumes in May continued to outperform pre-Covid (2019) levels - although the pace in demand in May was slower than that in April.Global air cargo demand in May 2021, measured in cargo-tonne kms (CTKs), was reported as 9.4% higher ...
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News
Airfreight market set to get worse before it gets better for buyers
Buyers of airfreight capacity should expect the market to get worse before it gets better, according to Bruce Chan, vice president of global logistics at investment bank Stifel.Writing in the Baltic Exchange monthly market summary, Chan said that belly capacity is not expected to return until 2023 at the earliest.And ...
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Insights
Air cargo rates cool in June for summer slowdown
Air cargo rates settled down in June as the industry entered a seasonal slowdown in demand, but airlines and forwarders appear to be expecting a busy peak season. The latest figures from the Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in ...
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NewsWorldACD: Air cargo demand on the up but with regional variances
Air cargo demand continues to track in line with 2019 levels but regional performance is mixed, according to WorldACD.The data provider's latest numbers show that air cargo demand in chargeable weight was in May around 1% below 2019 levels — used for comparison given Covid's impact in 2020 — and ...
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NewsTop 25 Forwarders: DHL stays at the top despite volume decline
DHL Global Forwarding maintained its position as the leading airfreight forwarder last year despite volumes dropping, while Kuehne+Nagel (K+N) looks set to nab the top spot in the coming years and DSV Panalpina continues its rapid rise up the table (see full table below).The latest annual market figures from consultant ...
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Insights
IATA: Air cargo remains the "good news story" for the air transport sector
IATA has reported in its latest market analysis that air cargo volumes in April this year continued to outpace pre-Covid (2019) levels.The association said this was largely due to the strong performance of carriers based in North America, the Middle East and Africa.Global air cargo demand in April 2021, measured ...
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News
Air cargo rates set to stay elevated during summer lull
Airfreight rates cooled as the month of May progressed but this is unlikely to signify the start of a return to pre-Covid levels.The latest figures from the Baltic Exchange Air Freight Index (BAI) show that rates from Hong Kong to North America increased to $8.70 per kg in May from ...
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NewsCLIVE: Did the air cargo recovery stall in May?
The recovery of the air cargo market appeared to stall in May, the latest figures from CLIVE Data Services suggest.The data provider's figures show that air cargo demand dropped by 4% in May compared with the same month in 2019 (2019 is used for comparison purposes given last year's volatile ...
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News
Spire and TAC team up on air cargo capacity data service
Data analytics firm Spire Global and rate data provider TAC Index are teaming up to offer available air cargo capacity on various different routes.The two companies have formed a strategic partnership to support the launch of TAC Space, which will offer insights built from live tracking of global air cargo ...
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NewsWorldACD: Air cargo sees "some kind of normality" in April
Global airfreight volumes and capacity were up in April 2021, the latest figures from analyst WorldACD, suggesting — as with March figures — "some kind of normality".Global demand in April was up 53% on a year ago, while widebody capacity was up by 51%, reflecting the collapse in bellyhold networks ...
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News
Transpacific airfreight rates climb in April
Airfreight rates from Hong Kong to North America took off in April as a combination of capacity shortages and rising demand hit the market.Baltic Exchange Air Freight Index (BAI) figures show that in April the average price on services from Hong Kong to North America increased by 54.7% compared with ...
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NewsCLIVE: Air cargo bounces back in April
Air cargo volumes returned to pre-covid levels in April after a drop off in March while the overall market remains strained, according to the latest statistics from CLIVE Data Services.Figures from the data provider show that cargo tonnages increased by 1% in April compared with the same month in 2019 ...
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News
IATA: Cargo demand at "all time high" but capacity is yet to recover
Air cargo volumes in March reached an all-time high for the month, according to IATA in its latest air cargo analysis.The association said that global air cargo demand, measured in cargo-tonne kilometres (CTKs) was 4.4% higher in March 2021 than in March 2019, which was used for comparison to avoid ...
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NewsDHL Global Forwarding sees airfreight revenues and profits soar in Q1
Deutsche Post DHL Global Forwarding has reported large increases in its airfreight revenues, profits and volumes in the first quarter as higher demand and lower capacity benefited the company.The forwarder, which could this year lose its status as the airfreight market leader due to Kuehne+Nagel's plans to acquire Apex, saw ...