All Data articles – Page 20
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NewsIATA: Air cargo demand records steepest ever decline in April
Air cargo recorded its steepest ever decline in air cargo volumes in April, but a greater reduction in capacity resulted in load factors jumping by the highest amount on record.The latest figures from IATA highlight the volatility experienced in the air cargo market in recent months, with demand in cargo ...
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NewsAirfreight rates continue to decline on key trades
Airfreight rates out of Shanghai continued on a downward trajectory last week as air cargo capacity on key routes remained steady.The latest figures from TAC Index show that average airfreight rates between Shanghai and North America last week dropped by 29.6% compared with a week earlier to $7.62 per kg.This ...
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NewsAirfreight rates from Shanghai decline as outlook remains uncertain
Seabury Consulting air cargo capacity May 28Airfreight rates out of Asia Pacific appear to have peaked, with prices from Shanghai to Europe and North America both declining last week.The latest figures from TAC Index show that after seven weeks of rapid increases, rates from Shanghai to North America last week ...
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NewsAir cargo in stable condition following coronavirus crisis
CLIVE managing director Niall van de Wouw provides an update on the latest market statisticsWhen the status of a patient submitted into hospital is described as ‘stable’ it often means that they are not well at all, but that, for the time being, their condition is not getting worse. The ...
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NewsAir cargo capacity slides as airport congestion slows operations
The gap between air cargo capacity in 2020 and last year has grown again as airport congestion has slowed freighter operations.The latest data from Accenture's Seabury Consulting shows that global air cargo capacity was last week 28% lower than a year ago. Last week the figure stood at 25%.The decline ...
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NewsTop 20 cargo airports 2019: Hong Kong tops the list but demand down overall
Hong Kong International Airport (HKIA) maintained its position as the world's busiest cargo airport last year, but challenging market conditions led to an overall decline in demand at the top 20 hubs (full list below) in 2019.Statistics from Airports Council International (ACI) show that the top 20 cargo airports saw ...
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Rates from Hong Kong decline but continue to climb from China
Airfreight rates from Hong Kong to the US fell last week while pricing out of China continues to increase as airport congestion continues.The latest statistics from TAC Index show that last week average prices from Hong Kong to North America dropped by 23.4% compared with a week earlier to $6.49 ...
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Cathay Pacific cargo volumes fall by almost 50%
Cathay Pacific saw its cargo volumes decline by 48.3% year-on-year in April, but since then it has ramped up capacity.The decline meant that the Hong Kong-hubbed airline group handled a total of 84,634 tonnes during the month.Meanwhile, cargo and mail revenue tonne kms slipped 37.3% year on year in April ...
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NewsWorldACD: Air cargo revenues up but volumes down in April
Air cargo revenues and yields continued to improve in April, despite a drop of in volumes of more than 30%, according to WorldACD.Global air cargo revenues increased in April; by 36% year on year when compared with April 2019 and by 26% when compared with March 2020.However, chargeable airfreight weight ...
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Transpacific airfreight capacity now ahead of last year
Cargo capacity on the transpacific trade lane is now higher than it was a year ago.Figures from Seabury Consulting, part of Accenture, show that metric tonne cargo capacity from Asia Pacific to North America was last week 18% higher than a year ago, while in the opposite direction space for ...
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NewsDP DHL says the outlook is cloudy as forwarding revenues take a hit
Deutsche Post (DP) DHL said the coming months are difficult to predict due to the coronavirus outbreak, while its airfreight forwarding business saw revenues and profits decline in the first quarter.DHL Global Forwarding saw its first quarter airfreight revenues fall by 3.9% year on year to €1.1bn, volumes declined by ...
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Asia-Europe airfreight rate growth shows signs of slowing
Airfreight rate increases between Asia Pacific and Europe showed signs of slowing down last week as coronavirus lockdown measures began to be eased.Data from TAC Index shows that last week average airfreight rates from Shanghai Pudong to Europe declined by 4.5% on a week earlier to $9.98 per kg.This is ...
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Emirates' cargo volumes slide as group predicts 18-month recovery time
The Emirates Group saw cargo volumes and revenues decline at its airline and ground handling businesses as last year's trade war and the coronavirus outbreak hit performance.In its 2019/2020 annual report, Emirates SkyCargo saw cargo revenues decline by 14% year on year to $3.1bn, while volumes declined by 10% on ...
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NewsIAG Cargo revenues down but yields up in 'unprecedented' market
IAG Cargo saw revenues and volumes decline at double-digit percentage levels in the first quarter but yields improved as the coronvirus outbreak affected performance.The airline group's cargo business saw first-quarter revenues slip by 10.5% year on year to €246m, volumes declined by 14.9% to 148,000 cargo tonnes sold, but yields ...
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NewsCLIVE: Do April's air cargo volumes offer a glimmer of hope?
While air cargo volumes diminished rapidly in March, new data for April offers some hope that leading economists are right and the decline in the global economy is ‘bottoming out’.CLIVE Data Services’ ‘dynamic load factor’ for April of 67%, based on both the volume and weight perspectives of cargo flown ...
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Turkish Cargo continues to outpace the market
Turkish Cargo achieved the highest growth rate among the top 25 air cargo carriers in February, according to IATA statistics.The Istanbul hubbed carrier said that it achieved a 16.6% year-on-year increase in cargo traffic — in freight tonne kms (FTK) terms — during the month, while the overall market is ...
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Forwarders' air divisions predicted to be hit hardest by Covid-19
The freight forwarding market could contract by more than 7% this year as a result of the coronavirus outbreak, according to a worst case scenario projection from consultant Transport Intelligence (Ti).A white paper published by Ti also predicted that the air cargo part of forwarders' businesses could take the hardest ...
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NewsFigures highlight extent of air cargo's move to freighters
The latest figures from WorldACD have confirmed expectations of a near 20% decline in cargo demand in March, but have also highlighted the extent that the industry has increased its use of freighter aircraft since the coronavirus outbreak.Figures from the data provider show that the number of flights performed with ...
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Asian airlines record a 20% drop in cargo demand in March
Airlines in the Asia Pacific region saw cargo traffic decline by 21.1% year on year in March as the effects of the coronavirus began to bite.Statistics from the Association of Asia Pacific Airlines (AAPA) show that while demand dropped in March by more than 20% on a year earlier, capacity ...
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Air cargo rates from Hong Kong surge
Airfreight rates out of China continued to climb last week, while prices from Hong Kong were also on the up as shippers looked to tranship through the world's largest air cargo hub.The latest figures from TAC Index show that last week average air cargo rates from Shanghai to North America ...