Data news – Page 23
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NewsA record year for cargo at Liege
Liege AirportLiege Airport handled a record amount of air cargo last year as it attracted a host of new freighter services.The Belgian airport handled a total of 902,480 tonnes in 2019, which represents a 3.6% increase on 2018's 870,644 tonnes.The airport pointed out that it had achieved the growth despite ...
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NewsIATA: Pressure appears to have eased on declining airfreight market
IATA's latest airfreight market analysis, which details figures for November 2019, noted that industry-wide freight tonne kms (FTKs) dipped by 1.1% year on year. This marked the 13th consecutive month of year-on-year decline in airfreight volumes.However, November's performance was also the best in eight months, because it showed the slowest ...
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A tough year for air cargo rates but some positives
Airfreight rates on major east-west trade lanes ended the year behind 2018 levels, but the picture is more positive when taking a longer term perspective.Data from TAC Index shows that in December rates on services from Hong Kong to North America declined by 22.6% on last year to an average ...
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NewsAir cargo showed signs of life as 2019 drew to a close
The air cargo industry began to show signs of emerging from its slump as last year headed towards its conclusion.Data from analyst WorldACD showed that cargo demand in chargeable weight declined by 2.5% in November, an improvement on declines of 6.9% in August, 5.3% in September and 4.7% in October.Meanwhile, ...
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NewsAirfreight rates continued to climb as year came to a close
Airfreight rates continued to climb in November as average prices reached their highest level in 2019.The latest east-west airfreight price index from consultant Drewry's Sea and Air Shipper Insight report showed that prices reached $3.02 per kg in November – the highest level since December last year.The fact that 2019 ...
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NewsACI World reports on disappointing October cargo figures
Airports Council International (ACI) World, the representative body for airports around the world, has reported that the retraction in the global air freight industry continued in October, with volumes falling by 2.9% year on year across the world.This was a slight improvement over September’s figure of -4%, however, and quite ...
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ACI EUROPE reports continued decline in airfreight volumes
European airport trade body ACI EUROPE has released air traffic statistics covering October, and its figures record that airfreight traffic through its European gateways fell by 2.6% year on year in the month.It was the 12th consecutive month of air cargo decline. The October figure was also 2.8% down on ...
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IATA: Air cargo set to return to growth in 2020
Airline association IATA has predicted that the cargo sector will return to growth next year, while airlines are also expected to improve their profitability.In its annual outlook, IATA said that freight volumes are expected to increase by 2% year on year in 2020 to reach 62.4m tonnes following on from ...
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Asia-Europe air cargo rates close in on 2018 levels in November
Airfreight rates on the Asia-Europe trade closed in on 2018 levels in November, but transpacific prices for the month still lag behind a year ago.The latest figures from TAC Index show that in November rates on services from Hong Kong to Europe declined by 3.3% year on year to $3.26 ...
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NewsIATA: Peak season off to a disappointing start
It's a slow start for peak season, but key market drivers show signs of stabilising, IATA has reported in its October airfreight market analysis report.Despite peak season being dominated by consumer-led holidays that impact the airfreight market – such as Singles Day, Black Friday, Cyber Monday and Christmas – October ...
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East Midlands Airport could link UK and China with direct cargo flights
Chinese officials are looking into the option of using the UK's East Midlands Airport (EMA), the UK's second-busiest cargo hub (Heathrow tops the list), as a cargo destination for direct flights from China.In October, a delegation from Leicestershire, including EMA’s managing director Karen Smart, had meetings in China with officials ...
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NewsDrewry East-West airfreight rates rose in October
Drewry’s East-West Airfreight Price Index nudged up by 3% to a reading of 93.0 in October, up from 90.8 in September.As the research and consultancy company predicted last month, all-in airfreight rates rose in October – to $2.74 from $2.67 per kg. However, this is 9% below the level of ...
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NewsAir cargo volumes down again in October
The latest figures from analyst WorldACD show that cargo volumes declined on a year earlier for the twelfth month in a row in October.WorldACD said the industry as a whole saw total chargeable weight decline by 5% year on year during the month, with general cargo slipping by 8.2% on ...
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NewsWTO: World trade continues to suffer
World trade is expected to remain “below trend” into the fourth quarter of 2019, according to the World Trade Organization’s (WTO) latest Goods Trade Barometer. That is not good news for an already ailing global airfreight industry.The indicator’s reading of 96.6 marks a slight improvement compared to the 95.7 registered ...
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Air cargo peak quickly peters out
The air cargo peak season appears to have quickly fizzled out this year, following on from two bumper years in 2017 and 2018.The latest freight rate data appears to show that the rise in prices experienced at the start of November has quickly flattened off.Tac Index figures show that prices ...
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NewsDHL sees Q3 airfreight volumes and revenues slide but profits rise
DHL Global Forwarding saw revenues and operating profits increase in the third quarter, despite a decline in airfreight volumes.The forwarder reported a 0.9% year-on-year increase in revenues to €3.7bn and earnings before interest and tax improved by 17% to €124m.Looking at its airfreight business, volumes for the third quarter were ...
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NewsAlibaba set for another record Singles' Day as it ups stake in Cainiao
Singles' Day sales reach RMB100bn in one minuteAlibaba Group Holdings has increased its stake in logistics business Cainiao to around 63% with a $3.3bn investment ahead of what is expected to be another record Singles' Day.Other existing shareholders also participated in the fundraising, demonstrating "strong support for Cainiao’s long term ...
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Peak season arrives as Asia-Europe rates take off
Airfreight rates on services between Hong Kong and Europe have started to pick up as the peak season finally gets underway.The latest figures from Tac Index show that in October the average price on services from Hong Kong to Europe reached $2.82 per kg, up from $2.56 in September.While average ...
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NewsIATA: Volume decline continues, but expected to level off
International freight tonne km growthMarket demand remains weak, IATA reports in its September 2019 figures.Industry-wide, volumes declined by 4.5% in September year on year. This recent slide, which follows a 3.9% decrease in volumes in August, marks the eleventh consecutive month of decline in airfreight volumes. Africa is the only ...
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NewsAsia Pacific airlines' cargo volumes under pressure in September
The latest figures from the Association of Asia Pacific Airlines (AAPA) show that cargo volumes remained under pressure in September.According to the association, its members saw cargo volumes decline by 6.5% year on year in September - roughly in line with performance for the rest of the year.Andrew Herdman, AAPA ...