Data news – Page 18
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NewsBoeing lowers its expectations for air cargo but remains upbeat
Boeing has lowered its forecast for air cargo growth and the number of new and converted freighters that will be ordered over the coming two decades in its biennial market forecast.The airframer said that it expected air cargo to grow at a compound annual growth rate of 4% over the ...
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Airfreight rates stable in September as carriers add capacity
Airfreight rates on some of the world’s main trade lanes stabilised at an elevated level in September as carriers continued to slowly add cargo capacity.The latest figures from data provider TAC Index show that average rates on services from Hong Kong to North America were up 52.9% year on year ...
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NewsForwarding demand set for improvement but overall picture remains bleak
The freight forwarding market is expected to improve in the rest of this year but the overall picture "remains bleak", according to a new report from consultant Transport Intelligence (Ti).Ti said that in the first half of the year the global freight forwarding market contracted by 11.6% year-over-year in real ...
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IATA: Slow improvement in air cargo demand in August
The latest statistics from IATA show that air cargo volumes are improving only slowly despite a pick up in business indicators.According to the airline association, air cargo volumes in cargo tonne kms (CTK) declined by 12.6% year on year in August, which is a slight improvement on the 14.4% decline ...
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2020 in numbers: The year of freighters and preighters
The airfreight sector had just come out of its worst year for traffic in a decade, driven by weak global trade, with a 3.3% fall in freight tonne-kilometres (FTKs) during 2019, when the Covid-19 pandemic struck.Demand began to plummet in March, with a fall of almost 28% in April, before ...
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NewsCLIVE: Airfreight market improves for fourth consecutive month
The airfreight market has showed signs of improvement for the fourth consecutive month, CLIVE Data Services' and TAC Index's latest data has shown."Year-on-year growth during August showed a further narrowing of the gap in international air cargo volumes to -17% versus August 2019," the analysts said.By comparison, there was a ...
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Airfreight rates on the up in August
Air cargo rates on some of the world’s busiest routes began to pick up again in August while the outlook remains uncertain.The latest figures from Tac Index show that prices on services from Hong Kong to both North America and Europe increased in August compared with both a month earlier ...
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Air cargo traffic stabilises in July as capacity reductions push up utilisation
Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA.Figures from the airline association show that demand in cargo tonne km terms fell by 13.5% year on year in July.IATA said this is ...
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NewsAAPA reports 'stable' air cargo demand in July
Air cargo demand was "stable" in July as manufacturing in the region has begun to pick up, according to the Association of Asia Pacific Airlines (AAPA).The latest AAPA figures show that traffic measured in freight tonne kilometre terms (FTK) was 16% down year on year during the month while the ...
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NewsWorldACD: Normality in air cargo still a long way off
The latest data from WorldACD suggests that normality is still a long way off for the air cargo industry.The data provider said that the demand side of the industry was slowly improving, with volumes in July up 8.2% compared with June.However, demand is still down by 18.5% year on year, ...
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NewsAir cargo demand continues its gradual recovery
The latest figures from CLIVE Data Services show that air cargo volumes continued to climb in July, while load factors for the month remained ahead of last year's levels.Airfreight volumes were 20% down on a year ago in July, but this is an improvement on the drops of 26% (April), ...
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NewsDHL the latest to report rapid airfreight revenue growth
Deutsche Post (DP) DHL is the latest company to report soaring airfreight revenues as a result of the capacity crunch experienced in the second quarter of the year.The German express and parcels giant saw second-quarter revenues from its airfreight forwarding business increase by 57% year on year to €1.8bn, gross ...
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Airfreight rates up as capacity comes under pressure
Airfreight rates from key Asian hubs continued to climb last week as ocean capacity shortages and personal protective equipment shipments pick up.The latest figures from TAC Index show that average airfreight rates from Hong Kong to North America last week climbed for the fourth week in a row as they ...
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NewsAirfreight propels 'better than expected' Q2 results for DSV Panalpina
DSV Panalpina saw its airfreight revenues rapidly increase during the second quarter of the year as a result of the coronavirus outbreak and the ongoing integration of Panalpina.The forwarder saw airfreight revenues for the second-quarter increase by 164.2% year on year to DKK12bn, gross profit for its air business was ...
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Airfreight the star for CH Robinson in volatile Q2
Third-party logistics provider CH Robinson saw second quarter 2020 revenues fall 7.2% to $3.6bn in a “volatile environment” and lower pricing in trucking while airfreight revenues surged due to reduced capacity and larger shipment sizes.Net group revenues decreased 11.6% to $614.5m as income from operations dropped 17.0% to $188.8m.Second quarter ...
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Rickenbacker's cargo traffic breaks records in June
Ohio’s Rickenbacker International Airport achieved a record-breaking June with all-time highs for both international freighter arrivals and offloaded international tonnages.A spokesperson for the cargo-focused Columbus hub said that both records reflected the US airport’s “unique ability to shift gears in response to pandemic needs”.In June, Rickenbacker saw 120 international freighter ...
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NewsTop 25 cargo airlines 2019: FedEx retains the top spot as Qatar climbs
FedEx was last year the world's busiest cargo airline despite volumes remaining flat on a year earlier, while Qatar moved into second place and UPS was up to third, according to IATA's World Air Transport Statistics (WATS) report. (See end of report for full chart).Last year was a tough 12 ...
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Air cargo declines narrow in June as market remains 'exceptionally challenging'
Airfreight traffic declines showed some signs of improving in June but business remains "exceptionally challenging", according to the latest IATA market wrap-up.The airline association's latest data shows that air cargo demand in cargo tonne km (CTK) terms declined by 17.6% year on year in June, which is a "modest" improvement ...
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NewsAsia Pacific air cargo demand shrinks in June
Air cargo carriers based in the Asia Pacific region saw cargo demand drop by double-digit percentage levels in June, but load factors increased.Figures from the Association of Asia Pacific Airlines (AAPA) show that air cargo demand, in freight tonne kilometre (FTK) terms, was 20.3% lower year on year in June, ...
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Airfreight rates to the US continue to pick up
Airfreight rates out of major Asian origins to North America showed signs of increasing last week as demand shows signs of picking up.Figures from data provider TAC Index show that average airfreight rates from Shanghai to North America last week increased by 9.7% compared with a week earlier to $5.10 ...