Data news – Page 21
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NewsK+N airfreight volumes slide in Q1 as Covid-19 takes its toll
Kuehne+Nagel (K+N) saw its airfreight volumes, revenues and operating profits decline in the first quarter of the year as the coronavirus outbreak took its toll on performance.The Switzerland-headquartered freight forwarder's airfreight business saw first-quarter revenues fall 6.8% to SFr1.1bn. Meanwhile, earnings before interest and tax (ebit) was down 5.8% to ...
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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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NewsAll-cargo hubs climb up the list of Europe's busiest airports
Freighter hubs have climbed their way up the list of Europe's busiest airports over recent weeks due to the number of all-cargo movements staying flat compared with a reduction in passenger flights as a result of the coronavirus outbreak.The latest statistics from Eurocontrol show that the drop in demand for ...
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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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NewsWorldACD: March, a month like no other in air cargo history
WorldACD has outlined that after the 2.7% drop in airfreight demand that it reported in January/February, March saw a decrease in chargeable weight of 17.7%, despite the first week of March being the best-performing this year so far.The Asia Pacific and the Americas regions fell least, with -12% and -17% ...
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Asia-Europe air rates rocket but show signs of easing on the transpac
Airfreight rates between China and Europe increased rapidly last week but there was a drop to North America.The latest figures from TAC Index show that average prices from Shanghai to Europe last week increased by a huge 42.3% to $7.33 per kg.This is a new record for the index, which ...
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Air cargo capacity down by 35% on last year
The latest figures from consultant Seabury shows that air cargo capacity is 35% lower than a year ago.Figures released by the company show that most trade lanes are seeing capacity reductions compared with a year ago of between 30-60%.Some of the hardest hit trade lanes are Europe-Africa, which is down ...
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NewsDrewry Index: Decline in airfreight rates softens
The latest Drewry East-West Airfreight Price Index report shows that airfreight prices dipped $0.09 in February 2020 to $2.50 per kg, down from $2.59 in January 2020.The February 2020 rate compares with $2.47 per kg from the same month last year."The Drewry East-West Airfreight Price Index for February was up ...
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IATA: Air cargo volumes take a hit in February
Air cargo traffic fell in February as coronavirus-related factory closures and travel restrictions began to hit the market.According to IATA cargo tonne kms (CTK) dropped by 1.3% year on year in February, while cargo capacity was down by 4.4% and the average load factor improved by 1.5 percentage points to ...
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NewsCLIVE Data Services: Airfreight volumes fell 23% in March
In its latest dynamic load factor analysis, CLIVE Data Services has revealed that global cargo volumes fell by 23% in March compared with the same four weeks of 2019.The analyst suggests that this decline was due to "Covid-19 'raising its ugly head’ faster and faster in the air cargo industry".CLIVE ...
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NewsTAC Index: Airfreight rates continue to increase but signs of a slowdown
Airfreight rates on the main trade lanes out of China and between Europe and the US increased again last week as capacity is "rapidly" coming back into the market.The latest figures from TAC Index show that average prices on services from Shanghai to North America last week increased by 15% ...
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Air cargo demand, yields and revenue fall in the first two months of 2020
Worldwide air cargo demand fell 3% year-over-year (YoY) in the first two months of 2020, a larger decrease than the provisional estimated fall of 2.7%.Netherlands-based analyst WorldACD added that a yield decrease of around 5% YoY in January/February meant that airlines lost 8% of revenues compared to the start of ...
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IATA expects cargo traffic to drop by more than 15% in 2020
IATA is projecting that cargo demand could drop by more than 15% in 2020 as a result of the coronavirus outbreak.IATA global head of cargo Glyn Hughes said that figures set to be released in the coming days show that global demand in freight tonne km terms (FTK) was down ...
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Lufthansa mulls cargo-only PAX flights while it cuts capacity
While announcing its 2019 financial results, Lufthansa said that it was considering using its idled passenger aircraft for freight-only flights while it also revealed drastic capacity cuts in response to the coronavirus.The German airline group said it would reduce capacity by 95%, parking up 700 aircraft, as part of measures ...
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FedEx cancels outlook, prepares for capacity crunch
FedEx has cancelled its outlook for 2020 and has warned that airfreight capacity on the transatlantic will come under pressure.When announcing its third-quarter results, the express giant said that the unpredictable nature of the market — as a result of the coronavirus outbreak — meant it would not provide an ...
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WorldACD highlights impact of "corona effect"
Ahead of its full results for February, which will be released in two weeks' time, WorldACD has released preliminary figures for the month, which it says give an outlook on the "corona effect" when combined with January's figures.The analyst explained: "Looking at February in isolation leads to an incomplete picture ...
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NewsDSV sees German airfreight volumes take a hit
In 2019, the airfreight division of Denmark-headquartered freight forwarding DSV lost around one third of its German airfreight export cargo compared to the previous year, writes Oliver Link from Air Cargo News' sister title DVZ.The IATA CASS figures show that DSV Air & Sea suffered by far the greatest loss ...
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NewsDHL airfreight volumes down 4.6% in 2019
The world’s largest airfreight forwarder DHL Global Forwarding saw airfreight revenues and volumes decline last year, but gross profit improved (see charts at end of article).The DHL Global Forwarding, Freight division saw total airfreight volumes for 2019 decline by 4.6% year on year to 2m tonnes, while revenues were down ...
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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 ...