All Data articles – Page 24
-
News
Kuehne+Nagel sees airfreight volumes decline again in Q3
Kuehne+Nagel saw airfreight volumes and revenues decline in the third quarter, but it managed to maintain profitability.The company reported a 7.5% year-on-year drop in third-quarter airfreight volumes to 406,000 tonnes, revenues declined by 6.7% on a year ago to SFr1.3bn but earnings before interest and tax (ebit) were flat at ...
-
News
Air cargo in longest slump since global financial crisis
Air cargo is now in its longest slump in demand since the global financial crisis in 2008.The latest figures from IATA show that demand in freight tonne km (FTK) terms declined by 3.9% year on year in August.IATA director general and chief executive said the figures were "deeply concerning".“The impact ...
-
News
Shanghai airfreight rates improve as cargo switches from Hong Kong
The price of air cargo out of Shanghai airport has begun to improve over recent weeks as cargo volumes have shifted from Hong Kong to the Chinese hub.The latest figures from Tac Index show that prices from Shanghai to Europe last week increased by 4.7% compared with a week ago ...
-
News
Air cargo hits the ground with a bump in August
The air cargo industry was brought back to earth in August as freight volumes declined by 7.1% compared with a year earlier.Analyst WorldACD said that in July, there had been some hopes that air cargo could be on the road to recovery as it posted a decline of 4.2%, ...
-
News
Airbus ups freighter forecast as stored fleet remains historically low
Airbus is predicting demand for just over 850 new-build freighters over the next two decades in the airframer’s latest global forecast.The figure is slightly higher than the 826 listed in its previous 20-year forecast.Airbus chief commercial officer Christian Scherer, speaking during a briefing in London, said the figure was “not ...
-
News
Top 20 Cargo Hubs 2018: LA and Doha surge up the cargo field
There was no change among the world’s top five cargo gateways in 2018 but there was movement further down the table, reported Airports Council International.Hong Kong International Airport, Memphis International, Shanghai Pudong, Incheon and Ted Stevens Anchorage all held their positions from the previous year as the top five cargo ...
-
News
European hubs see cargo volume declines narrow in July
Declines in cargo traffic at European airports narrowed in July, but volumes were still down on a year earlier.Statistics from Airports Council International (ACI) Europe show that cargo volumes declined by 2.3% year on year in July, with European Union (EU) airports registering a 3.1% drop-off and non-EU hubs reporting ...
-
News
Airfreight rates on key routes tumble in August
Airfreight rates on the major transpacific and Asia-Europe routes began to come under severe pressure in August as demand declines increasingly take their toll on pricing.The latest figures from TAC Index show that average prices on services from Hong Kong to North America slipped by 16.9% year on year to ...
-
News
Airfreight demand down for the ninth consecutive month
The airfreight market reported its ninth consecutive year-on-year decline in a row in July, according to the latest monthly figures from IATA.The airline association said that freight tonne kms (FTKs) declined by 3.2% year on year in July as the China-US trade war continued to take its toll on the ...
-
News
Air cargo demand declines show signs of slowing in July
Air cargo demand declines appeared to slow in July, but the timing of weekends and holidays may have had an impact on the monthly performance.The latest figures from WorldACD show that air cargo demand declined by 4.2% in July, which is an improvement on the 8.9% fall reported in June.However, ...
-
News
German cargo market drops by more than 20% in June
Airlines and freight forwarders experienced some big declines in German export volumes in June, writes Oliver Link from Air Cargo News sister title DVZ.According to the latest Iata Cargo Account Settlement System (Cass) data, the total volume of freight exported from Germany dropped by 24.6% on a weight basis compared ...
-
News
Spanish hubs lead the way for freight growth in Europe
Six out of the 20 fastest growing cargo airports in Europe over the last ten years are based in Spain, according to research from flight case manufacturer CP Cases.The analysis reveals that the European airports that have seen the largest 10-year growth of freight tonnes processed are Zaragoza airport (843% ...
-
News
Airfreight rates flat line for summer slowdown
Airfreight rates flat lined in July as the air cargo industry entered the quieter summer months.The latest figures from Tac Index show that average rates on transpacific, Asia-Europe and transatlantic trade lanes for July were all fairly flat compared with the previous month.However, prices do continue to lag behind the ...
-
News
CSafe increases European presence with new Amsterdam service centre
CSafe Global has opened a new service centre in Hoofddorp, the Netherlands, to increase its operational capabilities in Europe.At the centre, which is 7.8km away from Amsterdam's Schiphol airport, CSafe RKN and CSafe RAP active temperature-controlled containers are serviced to ensure that they are fit for purpose and can safely ...
-
News
European airports' cargo performance hits seven-year low
In June, European airports registered the largest percentage decline in cargo traffic of the past seven years.Airports Council International (ACI) Europe figures show that cargo traffic at European hubs declined by 7.1% in June, while over the first six months of the year there was a 3.5% decline.Both the European ...
-
News
Air cargo down again in June as signs of a recovery were premature
Air cargo traffic has now declined year-on-year for eight months in a row and signs of a recovery in recent months have turned out to be premature.The latest figures from airline association IATA show that demand in terms of freight tonne kms (FTK) declined by 4.8% year on year in ...
-
News
Air cargo suffers ‘onslaught’ in June, says WorldACD
Data from air cargo market analyst WorldACD shows a decline in global airfreight volumes of 8.9% in June, compared to the same month of 2018.The load factor dropped 3.3 percentage points and yield also fell, by 6.3%. As a result, WorldACD said airlines suffered a year-on-year fall in revenues of ...
-
News
Top 25 cargo airlines 2018: FedEx at the top as Qatar closes in on Emirates
FedEx retained its position as the world’s busiest cargo airline in 2018, but the passenger and freighter fleet of Qatar Airways continued to close in on number two Emirates (see chart at end of article).The latest IATA World Air Transport Statistics report shows that express operator FedEx was again the ...
-
News
Hong Kong International registers 6.7% drop in cargo volumes in H1
The world’s largest cargo airport, Hong Kong International Airport (HKIA), saw freight volumes slide by 6.7% year on year over the first half of the year.HKIA recorded total cargo volumes for the period of 2.3m tonnes.In June, cargo performance lagged behind the rest of the year as it registered an ...
-
News
Delta 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 ...