Data news – Page 15
-
News
E-commerce demand boosts Cargojet in Q1
Cargojet saw revenues and profits increase in the first quarter of the year as it continued to benefit from a boom in e-commerce demand.The Canada-based aircraft owner and operator saw first-quarter revenues increase by 30.3% year on year to C$160.3m, earnings before interest and tax were up from a C$0.9m ...
-
News
DSV Panalpina airfreight volumes slide in first quarter
DSV Panalpina saw its airfreight volumes decline in the first quarter of the year despite growth in the overall market.The forwarder's air volumes for the period declined by 6.6% year on year to 336,307 tonnes, while the overall market is estimated to have grown by 5-7% as it bounced back ...
-
NewsK+N records first airfreight volume increase in two years
Kuehne+Nagel (K+N) saw quarterly air cargo volumes increase for the first time in more than two years, while revenues and operating profits were also on the up.The Switzerland-headquartered freight forwarder recorded a 16% year-on-year increase in first-quarter airfreight volumes to 433,000 tonnes as the market bounced back from a pandemic-related ...
-
NewsHong Kong loses cargo hub top spot to Memphis
The world's largest cargo hubs saw demand increase last year despite the Covid outbreak, while US express hub Memphis surpassed Hong Kong to become the world's largest cargo hub (full charts below).Preliminary statistics from Airports Council International (ACI) show the the top ten air cargo hubs in 2020 saw volumes ...
-
News
Hong Kong-North America rates soar as capacity crunch tightens
Average airfreight rates on services from Hong Kong to North America last week breached the $9 per kg mark as stricter quarantine rules and strong demand hit the market.The latest figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Index showed that average prices from Hong Kong ...
-
NewsWorldACD: March a mixed month for air cargo
March was a month of two halves for air cargo in terms of year-on-year performance as 2020's lockdowns began to skew comparisons, according to data provider WorldACD.The latest figures from WorldACD show that demand in March was 21% up on last year. However, in the first half of the month ...
-
News
Cargo volumes continue to grow at Leipzig
Leipzig/Halle Airport continued to see its air cargo volumes grow in the first quarter of the year as charter flights carrying medical equipment roll in.The German airport saw air cargo demand increase by 20.9% year on year during the first quarter to 359,000 tonnes, following on from record volumes on ...
-
NewsIAG Cargo and Seabury report on busy airfreight market
IAG Cargo has described the airfreight market as "incredibly busy" with particularly strong growth in e-commerce and automotive sectors, as well as the rollout of Covid vaccines.At the carrier's Cargo Live webinar, chief commercial officer John Cheetham at IAG Cargo, said that the company is continuing to expand its network ...
-
News
Transpac rates rise while supply chains brace for Ever Given impact
Air cargo rates on the transpacific trade lane picked up last week while capacity remains tight and supply chains brace for the impact of the Suez Canal blockage.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that last week prices from Hong Kong to North America increased by ...
-
News
IATA: Airfreight demand back to pre-Covid levels but capacity remains tight
The latest air cargo figures from IATA show that recent demand has outperformed pre-Covid levels — and volumes are now at levels seen prior to the US-China trade war.The association said it compared figures from February 2021 with those in the same period of 2019 because "comparisons between 2021 and ...
-
News
Cargo iQ outlines drive for air cargo quality standards
Cargo iQ has outlined its plans to continue to drive the development of quality standards in air cargo.Following its annual general meeting, the air cargo standards group revealed plans to better monitor the trucking leg of the air cargo supply chain and expand its usage amongst independent forwarders.On the developments ...
-
NewsCLIVE: Air cargo recovery stalls in March but space remains tight
The recovery in air cargo demand appears to have stalled in March, according to the latest statistics from CLIVE Data Services.Figures from the data provider show that volumes in March declined by 3% compared with March 2019 (pre-Covid), while in February demand was down 1% on two years earlier.The early ...
-
NewsUS cargo-focussed airports report rapid growth in 2020
US airports with a cargo focus last year saw their freight volumes grow rapidly as consumers switched to e-commerce, according to new research by Chaddick Institute for Metropolitan Development.The report, written by Joseph Schwieterman and Euan Hague, found that freight volumes at cargo-focussed airports last year increased by an average ...
-
NewsAir cargo demand up in February but regional trends differ
Air cargo demand continued to increase in February but regional performance varies greatly, according to the latest statistics from data provider WorldACD.Figures for February show that demand in weight during the month increased by 1.1% year on year (YoY). Over the first two months of the year, which helps offset ...
-
News
Monthly airfreight rates stable in February on key trades
Average monthly airfreight rates on key trade lanes were largely static in February compared with a month earlier but remain well above last year’s levels.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in February reached $6.42 per kg, ...
-
NewsAir cargo makes recovery "that passenger departments will be dreaming of"
The latest data form CLIVE Data Services and TAC Index suggests that in the last 10 months, global air cargo volumes have recovered to pre-Covid levels, demonstrating the "robustness" of the market and "a recovery that airline passenger departments will be dreaming of".In its February 2021 report, analyst CLIVE Data ...
-
NewsAir cargo boosts K+N in 2020
Kuehne+Nagel's (K+N) airfreight business registered improvements in profits and revenues last year, while the overall business reported declines.K+N said that 2020 was characterised by a weak first and a strong second semester.The forwarder's airfreight business saw revenues for the year increase by 11.6% year on year to SFr5.2bn, gross profits ...
-
NewsIATA: Air cargo demand beats 2019 levels in January
Air cargo volumes returned to pre-Covid levels in January with demand even increasing compared with 2019 levels for the month.The latest statistics from IATA show that air cargo volumes in cargo tonne km terms were in January up by 1.1% compared with 2019 levels and 6.1% year on year.Meanwhile, capacity ...
-
News
Cargo load factors remain strong despite Chinese New Year
Air cargo load factors remained strong during the Chinese New Year as demand did not fall as strongly as it has in the past.Statistics from CLIVE Data Services show that in the first week of the Chinese New Year, which this year started on February 12, services from China to ...
-
NewsApex acquisition set to make K+N the leading airfreight forwarder
Kuehne+Nagel (K+N) has entered into a binding agreement to acquire Apex International Corporation as it looks to expand its presence in Asia.Terms of the deal were not disclosed, but Reuters quotes people familiar with the matter as stating that the transaction is valued at around $1.5bn-$2bn.The deal is the largest ...