All Data articles – Page 7
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InsightsAsia-Europe air cargo market still in recovery
The Asia-Europe trade lane has been buffeted by weakening demand and the outbreak of war in Ukraine over the last 12 months but there are some opportunities to be found.Air cargo capacity on the Asia-Europe route increased marginally (+3%) from the fourth quarter of 2021 to fourth quarter of 2022, ...
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K+N reports record air volumes and revenues despite weakening market
Kuehne+Nagel has reported record airfreight volumes and revenues for 2022 despite performance weakening in the second half of the year.The world's largest airfreight forwarder reported a full-year air revenue increase of 7.6% year on year to Sfr12.4bn, earnings before interest and tax (ebit) for its air business was up 20.7% ...
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First signs of recovery in air cargo?
The air cargo market could be showing the first signs of a possible recovery fuelled by the restart of production at Chinese factories.Data provider TAC Index said that while air cargo rates "continued to edge slightly lower" last week there were indications of the "first shoots of recovery" for some ...
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Rates on major trades down but still more than 50% above pre-Covid levels
Airfreight rates continued their downward spiral in January but are still above pre-Covid levels.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in January declined to $6.14 per ...
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NewsIATA: Mixed outlook as volumes decline again in December
Air cargo volumes declined for the tenth month in a row in December and there are mixed signals for the year ahead, according to IATA.Figures from the airline association show that demand in cargo tonne km (CTK) terms declined by 15.3% year on year in December and by 8% for ...
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NewsCLIVE points to continued uncertainty in the air cargo market
Industry analyst CLIVE Data Services has said that global air cargo demand continued to fall in January, down 8% year on year, partly the result of an earlier than normal Chinese New Year and partly due to global economic headwinds.The 8% year on year fall in global airfreight demand in ...
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NewsFreighter fleet expected to grow by 2.3% per year
Aviation data firm Cirium is expecting the world's freighter fleet to grow at 2.3% per year over the next 20 years.The data provider predicted that in total the world's freighter fleet will reach over 4,100 aircraft by 2041 on the back of a 3.7% per year increase in cargo demand.The ...
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NewsIATA: Mixed signals for cargo as demand drops in November
There are mixed signals regarding air cargo's outlook after November saw another double-digit percentage decline in demand.The latest IATA statistics show that airfreight demand in cargo tonne km terms (CTK) declined by 13.7% year on year in November.Capacity for the month fell by 1.9% against last year and load factors ...
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NewsCLIVE: Dig deeper for true air cargo market picture
The air cargo industry is holding its own given the economic pressures it faced last year and despite a consistent drop in demand.According to the latest industry analysis by Xeneta-owned CLIVE Data Services, in December, chargeable weight fell 8% year on year and the general airfreight spot rate registered its ...
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NewsForwarders stick with short-term deals as air cargo volumes fall
Freight forwarders are continuing to opt for short-term airfreight deals as volumes and rates continue to decline.The latest statistics from Xeneta-owned CLIVE Data Services show that in November air cargo volumes declined 8% year on year and were down 2% on October, while the dynamic load factor - based on ...
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NewsIATA predicts 4% drop in air cargo volumes next year
Air cargo traffic is predicted to drop by a further 4% next year, while yields and revenues are also expected to weaken compared with this year's levels.Speaking at the IATA Global Media Day, the airline association's head of policy analysis Andrew Matters revealed its predictions for next year.He said that ...
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Air cargo rates continue to decline in November
Air cargo pricing on some of the world's major trade lanes continued to decline in November, bucking usual seasonal trends.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that spot and contract rates paid by forwarders on services from Hong Kong to North America slipped to an average ...
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Air cargo suffers largest demand drop of 2022 in October
Air cargo demand suffered the largest percentage decline of the year so far in October but there is the hope of some peak season pick-up.The latest statistics from IATA show that air cargo tonne km declined by 13.6% year on year in October while capacity was down 0.6% and load ...
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DHL: No increase for peak season volumes and flat growth into 2023
Air cargo volumes remain low with peak season volumes unlikely to increase, according to DHL Global Forwarding’s November 2022 ‘Air Freight State of the Industry’ Report.“Volumes (are) expected to witness flat growth even in first two quarters in 2023,” said the report.Most of the major trade lanes experienced year-on-year declines ...
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Air cargo to join box shipping in 'overcapacity corner'
Air cargo faces a stint in 'overcapacity corner' next year alongside the ocean shipping sector, according to data analyst Xeneta.The data firm, which is parent to CLIVE Data Services, said that weaker volumes and higher capacity would result in overcapacity in air cargo next year.Ocean shipping is also expected to ...
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Covid restrictions continue to impact Cathay Pacific's cargo volumes
Pandemic containment measures in China have continued to impact Cathay Pacific's cargo volumes while European network expansion has softened the blow.Although travel restrictions and quarantine requirements have now eased in Hong Kong, it is still impacted by China's Covid policy.Chief customer and commercial officer Ronald Lam said: “In terms of ...
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NewsAirfreight peak season looking unlikely as demand falls again
Air cargo volumes declined 8% year on year in October - the eighth consecutive month of decline - and the outlook is equally downbeat.According to Xeneta-owned CLIVE Data Services the market outlook "remains uncertain" and there is also nothing to indicate an upturn next year from its weekly market data.There ...
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Airfreight rates decline again in October
Airfreight rates continued to buck normal seasonal trends and declined again in October as the air cargo market remained subdued.The market usually sees an increase in rates out of Asia between September and October as the industry continues to ramp up toward the peak season. However, that was not the ...
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NewsTAC Index to launch new air cargo data quality report
Source: TAC IndexPrice reporting agency TAC Index is set to launch a new product that will help companies improve the quality and timeliness of their data.The new TAC Insights – Data Health Report will be offered free of charge to freight forwarders that provide pricing data for the index as ...
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IATA: Air cargo market stable despite latest decline
IATA said the air cargo market is stable despite demand falling for the sixth month in a row in August.The airline association's latest data shows that demand in cargo tonne km terms in August fell by 8.3%, which was a slight improvement on the 9.7% fall registered in July.Capacity increased ...