All Data articles – Page 3
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News
Airfreight rates remain firm in June
Airfreight rates on key trades out of Asia remained "firm" in June despite the market entering the quieter summer season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to both Europe and North America remained up on a year ago and also increased ...
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NewsForwarders and shippers brace for Q4 hike in air cargo rates
Airlines are looking ahead to air cargo's fourth quarter peak season to decide how best to maximise returns from capacity out of Asia as spot rates are predicted to go sky high.With a backdrop of more demand and less capacity, industry analyst Xeneta has warned that shippers and forwarders seeking ...
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NewsTop 25 air forwarders: K+N keeps the lead in a tough year for airfreight
Kuehne+Nagel (K+N) maintained its position as the world’s leading airfreight forwarder in 2023 ahead of DHL Global Forwarding despite overall market volumes coming under pressure (full chart at end of article).Figures produced by consultant Armstrong and Associates show that top air forwarder K+N last year saw its cargo volumes decline ...
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NewsIATA: Air cargo volumes increase over 14% in May
The air cargo industry has now clocked up the sixth consecutive month of double-digit year on year growth thanks to trade growth, e-commerce and oceanfreight capacity constraints, reported IATA.Total demand in May, measured in cargo tonne-kilometers (CTKs), rose by 14.7% compared to May 2023 levels. There was also a 5.3% ...
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NewsAir cargo heading for double-digit growth in 2024
Booming e-commerce volumes are propelling the air cargo industry towards a double-digit percentage increase in demand this year, although a US crackdown on online shipments could prove a drag later in the year.The latest figures from supply chain data firm Xeneta show that air cargo demand in May increased by ...
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InsightsAir cargo rates and volumes continue to soar in May
Airfreight rates continued to rise in May while demand also continued to beat last year's levels.The Baltic Exchange Airfreight Index (BAI) shows that in May rates from Hong Kong to North America increased 9.1% year on year to $5.53 per kg.From Hong Kong to Europe rates paid by forwarders are ...
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NewsAir cargo volumes rise 11% in April
Air cargo demand remained robust in April to mark the fifth consecutive month of double-digit year-on-year growth, although growth slowed month-on-month.The International Air Transport Association (IATA) released data for April showing total demand, measured in cargo tonne-kilometers (CTKs), rose by 11.1% compared to April 2023 levels.The trade association said robust ...
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NewsVienna Airport reports "significant" cargo growth in Q1
Source: Flughafen Wien AGVienna Airport has reported double-digit percentage improvements in cargo volumes in the first quarter, with throughput now exceeding pre-Covid levels.The Austrian airport handled 68,058 tons of freight in the first three months of the year - a 16% year-on-year increase and 2% improvement on 2019 levels.The hub ...
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News
Central and South American air cargo volumes boom in April
Air cargo volumes out of Central and South America (CSA) have taken off in the last few weeks of April ahead of Mothers' Day celebrations in North America.Analysis from WorldACD shows that air cargo volumes from CSA increased by 17% week on week in week 17, following on from a ...
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NewsAir cargo demand growth slows in April while attention turns to Q4
April was the fourth month in a row that global air cargo demand increased by over 11% but the market has begun to slow down after a busy start to the year, according to analysis by Xeneta.Additional belly capacity is affecting the dynamic load factor, air cargo demand as a ...
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NewsIATA: March air cargo volumes up 10%
Positive momentum for air cargo continued in March as it became the fourth consecutive month of double-digit year-on-year growth.IATA reported that total demand, measured in cargo tonne-kilometers (CTKs), rose by 10.3% compared to March 2023 levels, following rises in February, January and December.The trade body noted that "for the first ...
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News
Hong Kong air cargo rates on key trades now ahead of last year
Rates on services from Hong Kong to Europe and North America are now ahead of last year's levels as demand continues to surge.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April average all-in rates from Hong Kong to North America were up 6.5% year on ...
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News
ECS to utilise Rotate's capacity data
Air cargo sales agent ECS Group is adopting Rotate's live capacity tool to help inform its decision-making process.ECS will integrate Rotate's capacity data into its in-house business intelligence tool where it will be used to help determine new interline partnerships, plan customers' networks and react to market changes in terms ...
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InterviewsRotate goes 360 in the air cargo data space
Rotate is focusing on rapid product development and tackling real air cargo industry issues with practical solutions. Data, software, and consultancy service provider Rotate launched in 2022 when a team five ex-Seabury employees identified a gap in the market. Rotate head of product Fabien Balouzet tells Air Cargo News that ...
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NewsAir cargo demand rises 11% in March
Global air cargo market demand rose 11% year on year for a third consecutive month in March and it was no surprise that e-commerce and Red Sea shipping disruption helped propel volumes.Releasing its latest analysis, Xeneta said that the higher volumes seen in the first quarter of the year have ...
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NewsIATA reports an 11.9% jump in air cargo volumes for February
February was the third consecutive month of double-digit year-on-year demand growth for air cargo, according to data released by IATA.Total air cargo demand for the month rose by 11.9% compared to February 2023 levels. The rise, measured in cargo tonne-kilometers (CTKs), comes as the market stabilises amid improved economic performance ...
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News
Air cargo demand still growing after LNY but rate of improvement slows
There had been much speculation in air cargo about whether the strong demand growth reported over the first two months of the year would continue past the Lunar New Year holiday but it appears the buoyant market conditions are so far continuing, although at a slightly lower level.Figures released last ...
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News
Liege Airport cargo volumes bounce back after tough 2023
Liege Airport has seen its cargo volumes bounce back in the first two months of the year following a double-digit percentage decline in 2023.The Belgian freighter hub registered a 13% year-on-year increase in cargo volumes over the first two months to 175,593 tonnes while the number of flights improved by ...
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News
Technavio predicts strong air cargo growth in next few years
Industry analyst Technavio has forecast in its Air Cargo Market Analysis 2023-27 that the air cargo market will grow by 19.5m tons between 2022 and 2027.This works out at a compound annual growth rate of 5.3% during the forecast period.Key drivers of growth will include increasing e-commerce sales, growing demand ...
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NewsWorldACD: January and February figures show air cargo is in recovery mode
The strong demand growth levels recorded over the first two months of the year are evidence of an improvement in air cargo demand after a weak 2023.Data analyst WorldACD said that it is hard to gain a true understanding of demand trends by looking at January and February individually due ...