All Data Articles – Page 8
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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 ...
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NewsFreighter operators face margin squeeze
Operating freighter aircraft has historically been a business with tight margins, a market environment temporarily interrupted by the Covid-19 pandemic. Recent airline financial statements again show (more familiar) marginal profitability levels, despite yields that remain 35%-40% up on 2019 figures.Slim pickings: turning a profit in air cargoFor the two decades ...
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NewsAir cargo's "surprisingly" strong start to 2024 continues in February
The air cargo market reported another double-digit percentage increase in demand in February continuing a "surprisingly strong" strong start to the year as e-commerce boosted demand levels.The latest figures from data provider Xeneta show that air cargo demand increased by 11% year on year in February, while the dynamic load ...
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News
Airfreight rates on major trades remain down on 2023 levels in February
Air cargo rates continued to register declines on major east-west trades in February compared with last year as the timing of Lunar New Year break affected performance.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America were down 5.5% year on ...
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NewsIATA stats show 18% increase in cargo demand for January
Air cargo demand increased by a "remarkable" 18.4% year on year in January - the second month in a row of double-digit percentage increases.IATA data shows that as well cargo tonne kms (CTK) increasing in January, available capacity was up 14.6% year on year as belly space continued to be ...
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News
WorldACD figures show extent of sea-air growth
The latest weekly figures from data analyst WorldACD show an upswing in volumes at sea-air hubs as a result of the Red Sea shipping crisis.WorldACD figures show that over the first seven weeks of the year, Dubai, Colombo and Bangkok all saw their respective tonnages to Europe increase by more ...
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News
Airfreight rates slide in line with Lunar New Year holiday demand decline
Airfreight rates began their Lunar New Year holiday decline last week after rising in the first six weeks of the year.The latest figures from TAC Index show that last week overall airfreight rates slipped by 8.2% compared with the week before and are down 21.2% from a year ago."Despite ongoing ...
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InsightsSurvey: Air cargo optimistic for the year ahead
Air Cargo News recently carried out a survey of airfreight professionals and found the majority are expecting market conditions to improve this year.The air cargo industry is optimistic the market will improve in the coming year, with expectations that both volumes and rates will increase in 2024.A survey of more ...
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NewsAir cargo volumes up 10% in January but rates weaken
Air cargo volumes rose 10% year on year in January, but this hasn't resulted in higher rates due to the availability of capacity.Shippers' concerns about Red Sea - Suez Canal supply chain delays, plus an early Lunar New Year, have pushed up air cargo volumes, although spot rates have declined, ...
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NewsDSV sees air revenues and volumes tumble in 2023
DSV's airfreight revenues, volumes and gross profits all took a hit last year due to improved ocean shipping operations, high inventories and a weak consumer market.The Denmark-headquartered forwarder reported a 44.1% year-on-year decline in air revenues in 2023 to Dkr50.6bn, gross profit for the year was down 27.9% to Dkr13.4bn ...
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News
IATA: Air cargo improves in December but declines for the full year
Air cargo demand surged in December last year but it was not enough to push overall figures for the year into positive territory.IATA figures show that air cargo tonne kms (CTK) for December were up 10.8% year, but CTKs for the whole year were down 1.9% on 2022 levels and ...
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News
Airfreight rates on the up as January draws to a close
Airfreight rates in January climbed as the month progressed due to the approaching Lunar New Year holiday and anecdotal reports of a move from sea to air due to the Red Sea crisis.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in the last full week of ...
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NewsJanuary air cargo volumes "significantly up" on last year
Worldwide air cargo demand in January remains "significantly up" on a year ago with improvements across nearly all the main regions, according to the latest figures from data provider WorldACD.Figures from the company show that in the two weeks running to January 21, air cargo demand levels are up 5% ...
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News
Retail's Red Sea move feeding airfreight volumes?
Signs are starting to emerge that retail shippers are sending more goods by airfreight as the Red Sea crisis continues, but the next few weeks will determine whether there is a real shift from ocean freight to airfreight, according to Xeneta.Niall van de Wouw, Xeneta chief airfreight officer, said: “When ...
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NewsCirium predicts annual freighter fleet growth of 2.6%
The freighter fleet will grow by 2.6% annually and 3,590 freighter aircraft will be supplied over the next 20 years, predicts the latest Cirium Fleet Forecast.This includes 1,060 new build aircraft (30%) worth $140bn and 2,530 conversions from passenger aircraft (70%), said the the aviation analytics company."These numbers are similar ...
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NewsAir cargo traffic, capacity and revenues continued to recover in Q4
Air cargo traffic, capacity and revenues continued to recover in late 2023. According to IATA, world air cargo traffic expanded 8.3% year-over-year, as measured in cargo tonne-kilometres (CTKs), in November 2023, the best month for industry traffic growth since December 2021.After 17 months of consecutive decline, traffic tepidly began growing ...
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News
Liege cargo volumes slide in 2023 as FedEx switch takes its toll
Liege Airport saw its cargo volumes decline last year due to weak economic conditions and the restructuring of FedEx's network.Belgium's busiest cargo hub recorded cargo volumes of just over 1m tonnes last year, down 11.8% on 2022 levels. However, volumes are up on 2019's 902,480 tonnes.The airport attributed the decline ...
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NewsIATA reports an 8% increase in November cargo traffic
IATA data shows that air cargo traffic increased by a 2023 high of 8.3% year on year in November, although the improvement also reflects a weak compression period in 2022.The association said that the November increase in cargo tonne kms (CTK) was the fourth monthly improvement in a row and ...
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News
Airfreight rates slide as 2023 draws to a close
The last few weeks of 2023 saw airfreight rates start to fall as demand eased after the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in December all-in rates paid by forwarders (contract and spot) from Hong Kong to North America increased to $7.10 per ...