Data news – Page 25
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NewsDelta Air Lines records double-digit drop in cargo revenues
Delta Air Lines saw cargo revenues drop for the second quarter in a row on the back of traffic declines.The Atlanta-headquartered airline registered a 17% year-on-year decline in second-quarter cargo revenues to $186m.Revenues were also down in the first quarter of the year.Meanwhile, cargo traffic for the Q2 period was ...
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Air cargo rates take a hit in June
The slowdown in global trade is increasingly taking its toll on air cargo freight rates.According to data provider Tac Index, average rates on transpacific services recorded their biggest decline of the year in June.Prices on the Asia-Europe trade for the month failed to record an increase for the first time ...
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Turkish Cargo on the up in May
Turkish Cargo has reported another month of strong cargo growth in May.The Istanbul-hubbed airline saw sold tonnage increase by 7.1% year on year during the month, according to World ACD data.This compares with an industry wide decline of 5.1% during the same period.The airline said that growth was particularly strong ...
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Seven months of cargo declines in a row at European airports
Air cargo traffic at European airports declined for the seventh month in a row in May.The latest figures from Airports Council International (ACI) Europe show that cargo volumes were down by 2.2% in May.European Union (EU) airports saw freight traffic fall by 2.3% while non-EU ones registered a 1.6% decline.The ...
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NewsAir cargo continues to face weak market conditions with 'hefty' declines in Asia
The latest figures from IATA have confirmed air cargo continued to face weak market conditions in May.Data from the airline association show that demand, measured in freight tonne kilometers (FTKs), decreased by 3.4% in May compared with the same period in 2018.This was a slight improvement on the 5.6% contraction ...
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NewsNo recovery in sight for air cargo
The latest figures from WorldACD do not offer any hopes for a recovery in air cargo growth this year, according to the analyst.Figures show that the total chargeable weight of cargo decreased by 5% year on year in May, whilst yields in US dollar terms were down 5.6% on a ...
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NewsUS-China trade tensions dent air cargo outlook
The DHL Global Trade Barometer (GTB) is indicating a contraction in worldwide trade over the next three months for the first time since its launch in January 2018.The quarterly trade index for the coming three months now stands at 48 points, which as it is below 50, indicates expectations of ...
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NewsDigital platform FreightBro signs MoU with Middle East logistics group
NAFL MoU SigningIndia-based freight forwarder platform FreightBro has signed a Memorandum of Understanding (MoU) with The National Association of Freight and Logistics, (NAFL), Dubai, to help its 400 members to digitise their services.With this partnership, the forwarders in the Middle East region will be able to access import rates for ...
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Cathay Pacific Cargo says flexibility is key in tough market
Cathay Pacific believes that an agile approach to making network changes will help the carrier combat current weak market conditions.Writing in the airline's Cargo Clan publication, head of cargo markets and products John Cheng said that it is well known that cargo is a cyclical business and that "all signs ...
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Cargo volumes down at Cathay Pacific in May
The Cathay Pacific Group saw its cargo volumes decline again in May, with demand shrinking by 3.9% year on year to 168,270 tonnes.The cargo and mail load factor fell by 4.7 percentage points to 63.9%. Capacity, measured in available freight tonne kilometres (AFTKs), was up by 4.6% while cargo and ...
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European airports see sharp decline in cargo demand in April
European airports in April recorded their sharpest decline in freight traffic since January 2012.According to Airports Council International (ACI) Europe, airports in the region saw cargo volumes decline by 6.2% year on year in April.Over the first four months of the year, cargo demand in Europe is 3% behind a ...
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NewsTop 25 airfreight forwarders 2018: K+N continues to close in on DHL
The world’s largest airfreight forwarders had a bumpy landing in 2018 following on from a stellar 2017 (full chart at end of article).Based on figures from consultant Armstrong & Associates, the leading 25 airfreight forwarders recorded a 4.2% increase in volumes to 16.7m tonnes last year.In most years this would ...
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Index firm adds more rate data
Munich-based air cargo information specialist TAC says that its project to totally index the world’s major freight markets is a step closer with the publication of new routes from the US, Europe and Asia.It has added Singapore-South East Asia Heathrow to all airports in the US, Canada and Mexico, Heathrow-South-East ...
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Transpacific air cargo rate outlook clouded by tariff troubles
Airfreight rates on major trade lanes continued to show a mixed performance in May.The latest figures from TacIndex show that on the Hong Kong-North America trade prices declined by 4.4% year on year in May to an average of $3.71 per kg.The fact prices are down on last year should ...
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NewsAir cargo faces a bleak outlook as demand declines in April
Analyst WorldACD has warned that air cargo markets are continuing to erode as uncertainty grows.Numbers from the data firm show that cargo volumes (chargeable weight) declined by 5.4% year on year in April.WorldACD searched for some positives, but said that overall there was no avoiding the tough market conditions.“For quite ...
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NewsDemand falls but capacity continues to rise in global air freight market, IATA stats reveal
5G buffer zones will be implemented at 50 US airports. Photo: ShutterstockGlobal air freight capacity growth has now outpaced demand for the last 12 months, resulting in a freight load factor that is currently 3.5 percentage points lower than a year ago.The International Air Transport Association (IATA) April statistics show ...
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NewsAir cargo returns to growth but continues to face headwinds
Airfreight returned to growth in March after three months of year-on-year declines.IATA statistics show that air cargo demand in freight tonne km terms increased by 0.1% in March.While this is an improvement on February’s 4.9% contraction, demand for the first quarter is 2% down on a year ago.Meanwhile, freight capacity ...
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Airfreight rates begin their annual climb in April
Airfreight rates on the transpacific and Asia-Europe trades have begun their annual summer climb following on from the winter lull.Tac Index data shows that average airfreight rates on services from Hong Kong to North America reached $3.60 per kg in April, up from $3.38 per kg in March.For the last ...
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Cargo demand continues to shrink in March
Cargo demand declined again in March as the Asia Pacific region continues to stutter.Figures from WorldACD show that cargo demand in chargeable weight declined by 2.4% year on year in March, resulting in the first quarter registering a fall of 3.1%. General cargo in March was down by 4.8%, while ...
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NewsProfits tumble at Lufthansa's cargo business
Lufthansa’s cargo and logistics segment saw operating profits tumble in the first quarter as volumes declined and expenses increased.Lufthansa’s logistics segment, which includes Lufthansa Cargo and other businesses such as time:matters and Jettainer, saw first-quarter revenues decline by 4% year on year to €616m while earnings before interest and tax ...