All Data articles – Page 8
-
NewsAir cargo rates continue to soften
Global air cargo rates have continued to soften in September, according to the latest figures from WorldACD Market Data.WorldACD said that air cargo prices continued their gradual decline in the first two full weeks of September, while volumes increased slightly in the second week after a drop in the first ...
-
News
Cathay Pacific claws back capacity amid flat demand
Cathay Pacific has continued to benefit from the easing of quarantine restrictions in Hong Kong and the return of its full freighter schedule but suffered from flat demand during the summer.Overall figures reflected a challenging market, but the airline operated 59% of its pre-pandemic cargo flight capacity in August, said ...
-
News
Schiphol looks ahead as ABC loss hits volumes
Amsterdam Schiphol Airport saw its cargo volumes decline by 13.8% year on year in the first six months of the year as weaker market conditions and the loss of AirBridgeCargo services hit volumes.The airport handled a total of 721,746 tonnes in the first half of the year, with inbound cargo ...
-
NewsIs air cargo set for a better-than-expected peak season?
The air cargo demand figures for August could signal a better-than-expected end to the year, according to data provider CLIVE Data Services.The latest figures from Xeneta-owned CLIVE show that in August air cargo demand was 5% down on a year earlier, a more modest decline than the 8% and 9% ...
-
News
IATA reports another drop in air cargo demand in July
Air cargo demand slumped again in July but there are some indicators suggesting a narrowing in comparisons in the coming months.The latest statistics from IATA show that air cargo traffic in July fell by 9.7% year on year in cargo tonne km terms - the fifth month in a row ...
-
Insights
Transpacific airfreight pricing dips below 2021 levels in August
Average airfreight rates on major air cargo routes to North America slipped below last year's levels in August as demand remained flat during the month.Figures from the Baltic Exchange Airfreight Index (BAI) show that in August, average airfreight rates from Hong Kong to North America declined 3.6% year on year ...
-
News
Airfreight rates to grind lower despite high inventories
Airfreight rates are expected to "grind directionally lower" or remain stable compared with current levels despite figures showing high inventory levels.Writing in his monthly column in the Baltic Exchange newsletter, senior analyst at investment bank Stifel Bruce Chan pointed to US Census Bureau figures that showed inventory levels continued to ...
-
NewsWorldACD finds reasons to be cheerful in air cargo volume figures
The demand declines registered in air cargo this year do not to tell the full story when it comes to the industry's performance, according to data provider WorldACD.In an analysis of how the industry has been performing on a country-by-country basis, WorldACD found that the 4% year-on-year decline in chargeable ...
-
News
Air cargo market remains flat ahead of upcoming peak season
The air cargo market remains flat as the industry heads towards the traditional peak season.Data provider TAC Index said that its latest figures showed that overall airfreight rates according to the Baltic Exchange Index (BAI) were last week down 0.8% compared with the prior seven days."Prices did not move much ...
-
News
DHL reports airfreight demand low but capacity increasing
Air cargo demand remains low but capacity is increasing, according to DHL’s latest Airfreight State of the Industry report.According to the report, published this month, inflation and reduced purchasing power are among the reasons why demand is low.Although volumes “remain softened” they are stable following the peak drop seen in ...
-
NewsLate July stabilisation in air cargo demand fades in August
A partial recovery in air cargo volumes in the second half of July faded in August as Asia outbound demand began to weaken.Statistics from data provider WorldACD show that in the two weeks ending August 14, worldwide cargo volumes in chargeable weight decreased by 5% compared with the final two ...
-
News
China's air cargo traffic "back to normal"
China's air cargo traffic has returned to normal recently after posting a V-shape recovery in the first half of this year, China’s state press agency Xinhua has reported.In July, the civil aviation industry transported a total of 539,000 tonnes of cargo and mail, an increase of 28.3% compared with April, ...
-
NewsAir cargo demand drops again in July as dark clouds gather
Air cargo demand fell for the fifth month in a row in July as the industry continues to face a "multitude of disruptions", according to CLIVE Data Services.The Xeneta-owned data provider said that during July air cargo demand dropped by 9% year on year and the dynamic load factor - ...
-
NewsLufthansa Cargo revenues surge despite volume drop
Lufthansa's logistics division saw revenues and operating profits increase again in the second quarter of the year despite a small drop in cargo volume.The division, which includes Lufthansa Cargo, time:matters, Jettainer and the company's share of AeroLogic, saw its second-quarter revenues increase by 45% year on year to €1.3bn, while ...
-
News
IATA: Air cargo demand declines narrow in June
Air cargo volumes were down again in June, although the level of decline eased compared with recent months as Covid restrictions in China began to be lifted.The latest statistics from IATA show that air cargo traffic in June was down 6.4% in cargo tonne km (CTK) terms compared with a ...
-
Insights
Air cargo rates stabilise for summer period
Airfreight rates on key trade lanes were stable in July for the quieter summer period but remain far above pre-pandemic levels.The latest data from the Baltic Exchange Airfreight Index (BAI) show that average rates on services from Hong Kong to North America dropped by 2.6% in July compared with June ...
-
News
Sustained freighter demand expected over next 20 years, says Airbus
Airbus expects sustained demand for freighters over the next 20 years with nearly 70% of the current fleet anticipated to be replaced.The airframer’s 2022 Global Market Forecast for the 2022-2041 period shows that the world freighter fleet in service will reach 3,070 aircraft by 2041.This new report, published on July ...
-
NewsIATA remains positive for cargo despite latest demand decline
The latest statistics from IATA show that air cargo demand declined again in May but the association is positive for the coming months as production in Asia continues to ramp up following Covid restrictions earlier in the year.The IATA figures show that air cargo demand in cargo tonne-km (CTK) terms ...
-
News
Unexpected airfreight rate stagnation down to fuel prices and a slowing market
Many had expected the opening up of Shanghai and Hong Kong following strict Covid lockdowns to result in a surge in rates from Asia as factories played catch up following months of closure.However, TAC Index figures show that rates actually declined marginally in June compared with May from Hong Kong ...
-
NewsAir cargo volumes down again while rates continue to cool
Air cargo demand declined compared with a year ago for the fourth month in a row in June, according to the latest statistics from CLIVE Data Services.Figures from the Xeneta-owned data provider show an 8% year-on-year decline in chargeable weight in June, following on from drops in March, April and ...