Data news – Page 22
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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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CLIVE to provide airfreight data to TIACA in new partnership
TIACA has signed an memorandum of understanding (MOU) with CLIVE Data Services to create and deliver air cargo market and route analyses to TIACA members.CLIVE, the creator of the new ‘dynamic load factor’ analysis, strives to give the earliest possible barometer of market analysis based on cargo data – volume ...
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NewsAir cargo set to take 9% demand hit due to coronavirus
Research by CLIVE Data Services shows that global air cargo volumes for February will be down 9% compared with 2019, largely as a result of the coronavirus.Figures from the data provider show that February's volumes were down 2% in February. However, adjusting the analyses for the fact that the Chinese ...
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NewsIATA: Cargo declined in January but COVID-19 impact yet to be felt
IATA has warned that the full extent of the coronavirus' impact on the airfreight sector is yet to be determined, while demand declined by 3.3% year on year in January.IATA suggested that the timing of the Chinese New Year Holiday, which took place in late January, as well as eased ...
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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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WorldACD: January figures reflect impact of Chinese New Year
WorldACD has confirmed expectations "that the year on year figures for January would be negative".In its latest report, the analyst notes that chargeable air cargo weight dipped by 5.8% in January year on year and it suggests that the timing of Chinese New Year, which took place at the end ...
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NewsDrewry Index: Dip in rates reflects impact of coronavirus
Airfreight rates continued to slide in January, declining 5% from December and 11% from a year earlier.The latest Drewry East-West Airfreight Price Index report shows that prices dipped $0.16 in January 2020 to $2.59 per kg, down from $2.74 in December. The January 2020 rate compares with $2.91 per kg ...
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Cathay Pacific under pressure as cargo volumes fall
Cathay Pacific saw its cargo volumes decline in January, while it also warned that financial results will come under pressure.The airline group handled cargo volumes of 151,964 tonnes in January, which represents a decline of 8.9% year on year.Meanwhile, the cargo load factor for the month was down by 1.4 ...
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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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A record year for cargo at Chicago Rockford
Chicago Rockford International Airport (RFD) handled record volumes of cargo last year helped by the expansion of Amazon Air operations.The Illinois airport saw cargo volumes grow by 11% year on year in 2019 to reach just over 1m tonnes.In just five years, RFD has tripled the amount of cargo landing ...
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NewsSupply chain professionals fear a recession in 2020
A new survey shows that the majority of supply chain industry executives anticipate a recession in 2020 amid concerns about downward pressure on global trade volumes, uncertain growth prospects, and ongoing friction between the US and China.According to the latest Agility Emerging Markets Logistics Index, 64% of industry professionals surveyed ...
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NewsEarly Chinese New Year takes a toll on January's cargo figures
The early Chinese New Year helped pull down cargo volumes and load factors in January, according to CLIVE Data Services.The analyst said that in the four weeks to February 2, cargo volumes declined by 4% year on year, while the dynamic load factor slipped by two percentage points compared with ...
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NewsIATA: Worst year for air cargo since 2009 financial crisis
Recent airfreight trends have been maintained, IATA's latest market analysis detailing full-year results for 2019, has reported. Meanwhile, the impact of the coronavirus on the aviation sector continues to cause uncertainty for the future.Industry-wide freight tonne kms (FTK) for the year declined by 3.3% year on year, while available freight ...
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NewsAsian airlines face an uncertain start to the year after cargo falls in 2019
Asian airlines saw cargo traffic fall last year and face an uncertain start to 2020 as the coronavirus impacts travel.Figures from the Association of Asia Pacific Airlines (AAPA) show that international air cargo demand as measured in freight tonne kilometres (FTK) fell by 5.1% in 2019.Offered freight capacity grew by ...
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Worldwide cargo revenues fell 11.7% in 2019
December 2019’s worldwide air cargo chargeable weight fell 1.7% year on year (YoY) while 2019 full year dollar revenues dropped 11.7% over boom year 2018.The December volume figure was the smallest decrease since January 2019, but in its latest market data report, Netherlands-based analyst WorldACD said: “The year ended with ...
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Schiphol sees cargo volumes slide on fewer freighters and tough market
Schiphol saw its cargo traffic drop last year as reduced freighter flights and weaker market conditions took their toll.Total cargo volumes for 2019 dropped by 9% year on year in 2019 to 1.6m tonnes.Full freighter volumes fell by 13.2% to 0.85m tonnes while belly cargo volumes dropped 2.3% to 0.7m ...
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Logistics industry continues to view US-China trade war as biggest threat
The logistics industry continues to see the trade war between the US and China as the biggest threat to global economic growth, despite the two countries recently signing phase one of a trade agreement.A survey of 330 logistics and supply chain professionals, carried out by logistics firm Agility and consultancy ...
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NewsCLIVE Data Services: Airline cargo load factors 35% higher than reported
The global utilisation of air cargo capacity is 35% higher than the traditional industry indicator suggests, according to a new data services company.CLIVE Data Services has called on the industry to "refresh" the way it views cargo load factors to strengthen the airlines’ voices with all stakeholders, not least airports, ...
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A tough end to the year for cargo at Europe's major airlines
The end of year traffic figures from European airlines sum up what a tough year 2019 was for the air cargo business.Figures just released by Lufthansa show that cargo carried by its various airline businesses in 2019 was down by 2.1% year on year to 10.7bn revenue cargo tonne kms ...
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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 ...