All Data articles – Page 2
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NewsAirfreight rates stay strong despite Golden Week demand drop
Source: Supakitswn/ shutterstock.comAirfreight spot rates on global basis edged up in the first week of October to their highest level of the year despite volumes out of Asia declining due to the Golden Week holiday, according to WorldACD.Statistics from the data analyst show that airfreight spot rates increased by 1% ...
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NewsAir cargo market records nine months of double-digit growth
August was the ninth consecutive month of double-digit year-on-year growth for the global air cargo market boosted by global trade growth, e-commerce demand and ocean shipping constraints.Total demand, measured in cargo tonne-kilometers (CTKs), rose by 11.4% compared to August 2023 levels, said IATA.Capacity, measured in available cargo tonne-kilometers (ACTKs), increased ...
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NewsAir cargo demand growth slows but October is a 'whole new ball game'
Air cargo demand growth slowed in September but there is an expectation that US port strikes will put extra pressure on an already busy market.The latest figures from data provider Xeneta show that air cargo demand increased by 9% year on year in September, a strong performance but down on ...
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NewsCooler air cargo market in September just a blip
The air cargo market showed signs of cooling slightly in September but expectations are that demand will quickly pick up again in October.Freight forwarder Dimerco said that e-commerce and electronics volumes had "underperformed expectations in September".The company also pointed out that while the Global Purchasing Managers Index (PMI) Composite Output ...
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NewsSurging air cargo rates out of Japan and Bangladesh boost buoyant market
Airfreight rates from Bangladesh and Japan have surged in recent weeks helping to raise prices in an "already buoyant" air cargo market, according to data provider WorldACD.The latest figures from WorldACD show that overall airfreight rates were up 14% year on year in the week ending September 15, led by ...
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NewsPeak practise as August air cargo spot rates up nearly 25%
Air cargo spot rates were sky high in August as demand and capacity imbalances continued, flanked by additional e-commerce and Red Sea shipping disruption-related demand.Average spot rates showed their largest year-on-year growth of 24%, according to the latest monthly analysis by Xeneta.Global average air cargo spot rates were recorded at ...
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InsightsTop 25 cargo carriers: Cargo goes slow on growth in 2023
Air cargo demand in 2023 was slow to recover from the previous year’s market slump and the top 25 cargo airlines felt the strain.2023 was undoubtedly a tough year for air cargo with global full-year demand, measured in cargo tonne-kilometers (CTKs), for the top 25 airlines down 1.7% compared to ...
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Transpacific air cargo rates pick up in August as firm demand continues
Air cargo rates on the transpacific trade picked up in August as the busy market conditions continued and companies begin to eye what is expected to be a strong peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong ...
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NewsIATA: Double-digit growth in cargo demand continues in July
Air cargo demand continued to soar in July with the latest IATA statistics showing a year-on-year increase of 13.6% on the back of issues on the ocean and the continued e-commerce boom.The airline association said that cargo tonne kms had now registered a double-digit percentage increase for eight months in ...
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Belgian hubs report air cargo demand growth in July
Brussels Airport saw its air cargo volumes return to growth in July while Liege Airport continued to report double-digit volume improvements.Brussels saw its "flown" air cargo volumes in July increase by 5.5% year on year to 50,828 tons. Overall air cargo volumes - including trucked - were up 6.1% on ...
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Air cargo rate increases on major Asia trades taper off in July
Airfreight rates on key trade lanes out of Hong Kong were largely flat in July compared with June but they continue to be higher than a year ago.The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong to Europe in ...
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NewsXeneta: strong demand for air cargo drives higher spot rates
The quicker than expected recovery to July’s global IT outage meant that there was no significant ongoing disruption to rates amidst ongoing strong demand for air cargo, according to the latest market analysis from Xeneta.Airfreight rates rose for a sixth consecutive month, with global average air cargo spot rates reaching ...
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NewsDHL air volumes up in the second quarter but profits slide
Source: DHL GroupDHL Group saw its air and ocean freight volumes rise in the second quarter of this year, contributing to a slight increase in year on year group revenue.The express and logistics giant registered a 5.3% increase in air volumes to 437,000 tons in the second quarter, while its ...
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NewsHamad International cargo on the up
Doha’s Hamad International Airport cargo traffic, as measured in tonnages, rose by 12% in the first six months of this year compared to the first half of 2023.It handled a total of 1.25m tonnes of cargo over the January – June period. In June, Hamad International handled 213,873 tonnes of ...
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NewsAirfreight rates remain stable despite July global IT outage
The latest data from airfreight price reporting agency (PRA) TAC Index show that global air cargo rates only edged up last week (in the week ending July 29).That news came as a surprise, given the massive global IT outage of 18 July.The overall Baltic Air Freight Index (BAI00) calculated by ...
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AAPA reports strong growth in Asia Pacific airfreight
Preliminary June 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) show that there was strong demand for international air cargo capacity in the region in June.Overall, Asia Pacific airlines recorded a 16.4% year-on-year increase in international air cargo demand – as measured in freight tonne kilometres ...
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NewsIATA data highlights continued strong demand for air cargo
The International Air Transport Association's (IATA) latest data shows that global air cargo markets are continuing to boom.June’s figures have contributed to what IATA has described as “an exceptional first half-year performance for air cargo”, with airfreight volumes exceeding those of last year, of 2022, and even of record-breaking 2021 ...
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NewsIT issue continued to weigh on AF KLM Cargo results in Q2
Air France KLM Martinair Cargo (AFKLMP) recorded a decline in revenues in the second quarter of the year but is looking to build its presence in Asia to capitalise on growth in the market.The Franco-Dutch carrier group registered a 10% year-on-year decline in cargo revenues to €546m, while cargo tonnes ...
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NewsE-commerce: Just what the air cargo market ordered
Tim van Leeuwen, part of Rotate Consulting, provides his team’s observations on the size and impact of e-commerce on the air cargo market, and how this impacts the near-term outlook.As delegates gathered in Shanghai at the first Air Cargo China conference since 2018, the mood was significantly better than at ...
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NewsAir cargo market update: Demand dips as July gets underway
The air cargo market saw volumes decline in the first week of July as US Independence Day celebrations put the brakes on growth.The latest figures from data provider WorldACD show that demand was down 5% in the first week of the month compared with the prior week.WorldACD said the result ...