All Data articles – Page 17
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NewsRecord cargo volumes for Budapest in November
Photo Budapest Airport Róbert BaranyiBudapest's Ferenc Liszt International Airport handled record cargo volumes in November following investment in its BUD Cargo City.Cargo traffic in November was was up by 6.3% year on year to 13,864 tons — a monthly record. Meanwhile, the volume of goods handled over the first 11 ...
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NewsAirfreight rates climb in November while belly capacity grows
The air cargo industry saw rates out of Hong Kong increase in November while the start of December has seen carriers re-introduce belly capacity.November figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Data show that in November average airfreight rates from Hong Kong to North America ...
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IATA: Load factor reaches record high as capacity crunch continues
The latest air cargo figures from IATA show that demand continued to recover in October, although not as strongly as in September.Meanwhile, industry-wide load factor reached a record high in October as the capacity crunch, driven by significantly reduced passenger services and bellyhold capacity, continued."The biggest problem for air cargo ...
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NewsCLIVE: Expected November peak "fails to materialise"
Air cargo's road to recovery took a slight hit in November, as "airlines' hopes of a boost failed to materialise".According to CLIVE Data Services' most recent figures, last month saw a 1% year-over-year fall in airfreight demand — the first decline reported in six months.In recent months, the gap in ...
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IATA: Cargo demand set to return to near 2019 levels next year
Air cargo volumes are expected to return to near 2019 levels next year, according to IATA’s latest market forecast.The airline association said that improved business confidence and the important role that air cargo should play in vaccine distribution is expected to see cargo volumes grow to 61.2m tonnes, essentially matching ...
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NewsMarket recovery slows in early November
The air cargo market's gradual recovery appears to have slowed in the first two weeks of November as demand and load factors plateaued, according to WorldACD data.Figures for the first half of the month show that volumes stood at 48% of the October total, meanwhile the average load factors for ...
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Cargo helps Emirates limit its losses
Emirates saw its cargo volumes decline in the first half of its financial year as carrying capacity was heavily reduced as a result of the grounding of much of its passenger operations.The Dubai-hubbed airline reported first half cargo volumes of 785,000 tonnes, which is down 35% compared with 2019 levels ...
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Air cargo demand helps Korean to Q3 operating profit
Air cargo demand helped Korean Air eke out an operating profit of W7.6bn ($6.5m) in the third quarter — its second consecutive profitable quarter since the coronavirus struck — but its overall revenue was down more than half from a year earlier.The W7.6bn operating result for the three months ended ...
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Operating profits take off at Lufthansa's cargo business
Lufthansa's logistics division saw profits massively improve on a year ago on the back of cost reductions and higher rates.The division, which includes Lufthansa Cargo and other businesses such as time:matters and Jettainer, saw third-quarter revenues decline by 2% year on year to €587m while revenue cargo tonne kms were ...
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NewsCargoAi: Investment in digitalisation a must following Covid-19
Matthieu Petot, CargoAi Source: CargoAiBooking platform CargoAi believes that the Covid-19 outbreak has accelerated the use of digital solutions in air cargo.The Singapore-based company's chief executive, Matthieu Petot, told Air Cargo News that it has doubled the size of the team of the last six months in response to growing ...
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IATA: Air cargo recovery speeds up in September as US recovers
The latest statistics from IATA show that the speed of recovery in air cargo increased slightly in September — and this improvement is expected to continue throughout peak season.Meanwhile, US-based carriers reported their first increase in demand for 10 months.According to the airline association, airfreight volumes measured in cargo tonne ...
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NewsCLIVE: End of October blip raises questions despite air cargo improvements
Air cargo demand continued to improve in October but a drop off in volumes towards the end of the month has raised some questions about the strength of the peak season.The latest figures from CLIVE Data Services show air cargo volumes for the month were 3% higher than September. October ...
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NewsDSV targets e-commerce with Prime deal while air cargo improves in Q3
DSV Panalpina has acquired e-commerce specialist forwarder Prime Cargo, while it has also announced continued growth in its airfreight business in the third quarter.The Denmark-headquartered forwarder has agreed to purchase Prime Cargo, including its activities in Denmark, Poland and China, from the Mitsui-Soko Group in Japan for an undisclosed sum.Prime ...
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Air cargo demand continued to rally in September
Air cargo demand continued its gradual recovery in September with figures heading back towards year-ago levels, according to data from WorldACD.Figures from the data provider show that demand in September was down 12.5% year on year, which brings "some reason for optimism". This compares with a 33% decline in demand ...
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NewsTIACA calls for an end to 'misleading' weight-based load factor
TIACA is calling for the air cargo industry to adopt the dynamic load factor developed by CLIVE Data Services over the "misleading" traditional weight-based system.The dynamic load factor methodology measures how full an aircraft is by considering both freight volume and weight, rather than just weight, as aircraft often reach ...
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NewsAirfreight rates out of Asia head back to early summer levels
Airfreight rates between Shanghai and North America last week reached their highest level since early June.The latest Tac Index figures show that average prices on services from Shanghai to North America increased by 26.2% week on week to reach $6.07 per kg.Meanwhile, prices from Hong Kong to Europe have climbed ...
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Leipzig reports record increase in airfreight volumes
Leipzig/Halle Airport recorded the strongest growth in volumes of airfreight in September for eight years as all-cargo operators continue to ramp up services at the airport.The German airport — Europe's fifth-busiest cargo hub and a major base for DHL Express — said its airfreight volumes increased by 18.6% year on ...
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NewsK+N reports improved airfreight market in Q3
Kuehne+Nagel's airfreight operating profits and revenues were up in the third quarter of the year on the back of improved market and despite a decline in volumes.The Switzerland-headquartered forwarder saw third-quarter air cargo revenues increase by 8.7% year on year to Sfr1.2bn, gross profits were down 4.3% to SFr315m and ...
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NewsH1 2020 top cargo airports: Hong Kong heads the list despite demand drop
Hong Kong maintained its place as the world's busiest cargo hub in a difficult first half of the year that saw demand decline across the world's top 10 freight hubs.The half-year figures recently released by Airports Council International (ACI) demonstrated the impact that the ground of passenger services as a ...
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NewsCLIVE: Gradual recovery in air cargo market that could turn toxic for shippers
Air cargo continued to make a gradual recovery in September, but the situation could be about to turn toxic for buyers of airfreight capacity, according to CLIVE Data Services.According to CLIVE, September saw chargeable weight transported decrease by 15% year on year, which is better than the 24% decline registered ...