All Data articles – Page 9
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News
Asia Pacific passengers surge but freight falls back
Cargo traffic carried by Association of Asia Pacific Airlines (AAPA) members fell 5.6% in May 2022 compared with May 2021.AAPA blamed supply chain disruptions and slowing demand, leading to a year-on-year decline in freight tonne kilometres in May. Meanwhile, offered freight capacity expanded by 1% year-on-year compared to the same ...
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Airfreight rates on key lanes fall in June
Airfreight rates on key east-west trade lanes fell in June as the air cargo market enters the quieter summer period.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that airfreight rates from Hong Kong to North America dropped by 10.1% in June compared with May to $8.72 per ...
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Airfreight industry will not suffer any “lasting negative impact” from the pandemic
The air cargo industry will not suffer any “lasting negative impact” from the pandemic, an industry expert has said.Speaking at the Scan Global Logistics Air & Ocean Freight Outlook June 2022, Ashwin Bhat, chief commercial officer at Lufthansa Cargo, said that the company believes: “There won’t be any lasting negative ...
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NewsTop 25 airfreight forwarders: Kuehne+Nagel takes top spot from DHL
There is no doubt that 2021 was a bumper 12 months for airfreight forwarders with revenues, profits and volumes reaching new highs, but it was also a year of change at the top as Kuehne+Nagel knocked DHL off the top spot (see full list at end of article).The latest annual ...
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Ground bottlenecks causing higher air cargo rates
High rates in the air cargo industry are caused by bottlenecks in ground handling capacity rather than aircraft capacity constraints.This is according to Niall van de Wouw, co-founder of CLIVE Data Services and now chief airfreight officer at Xeneta, who explained in a TIACA Economics4Cargo airfreight update on June 16 ...
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Asia-Europe capacity is “volatile" against growing demand
Demand continues to be strong out of China, but capacity between Asia and Europe is “volatile” and increasingly limited.This was according to Flexport’s Freight Market Update on June 14, which focused on insights for air and ocean freight on major European trade lanes.Speaking about Far East Westbound airfreight trade, Laurie ...
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Brussels cargo volumes remain ahead of pre-Covid volumes
Cargo throughput at Brussels Airport remains ahead of pre-pandemic 2019.Throughput at the airport totalled 65,358 tons in May, down 9% on the same month of 2021 but up 12.5% compared to May 2019, with Asia leading for both imports and exports.Airfreight dropped by 4% to 52,629 tons and the number ...
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NewsIATA optimistic on air cargo despite current challenges
IATA has expressed optimism that the air cargo market will begin to improve in the months ahead, despite the current market challenges.In its latest market update, IATA said that air cargo demand dropped by 11.2% year on year in April, while cargo load factors slipped by 5.2 percentage points on ...
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NewsAirfreight volumes fall again in May
General air cargo market volumes fell again in May as the pandemic, Ukraine-Russia war and economic turbulence continued to take their toll.According to Xeneta’s CLIVE Data Services, general air cargo market volumes fell 7% year-over-year in May, following on from declines in April and also in March.Airfreight demand for May ...
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Airfreight rates pick up in May despite demand declines
Airfreight rates on major east-west trades continued to increase on a year ago in May despite analyst figures showing demand declines over the last few months.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates from Hong Kong to North America in May increased by 21.7% ...
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News
Cargo capacity cuts continue to impact Hong Kong Airport in April
Airport Authority Hong Kong (AAHK) reported a year-on-year drop in cargo throughput for April as a result of reduced capacity.Cargo throughput and flight movements recorded 375,000 tonnes and 10,320, respectively, representing decreases of 2.8% and 0.6% compared to the same month in 2021.The decline in cargo throughput was mainly attributed ...
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NewsEmirates SkyCargo volumes continue to recover as revenues soar
Emirates SkyCargo saw its volumes continue to recover in the 2021/2022 financial year while revenues continued to beat pre-Covid levels.For the 12 months ending March 31, Emirates SkyCargo saw its revenues increase by 26.6% year on year to AED21.6bn, which was also higher than the AED13.1bn registered in pre-pandemic financial ...
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NewsB737-800 leads converted freighter fleet growth in 2022
The B737-800 freighter has been the most popular cargo conversion model so far in 2022, according to the latest research by consultant IBA.IBA said that orders for conversion (P2F) of the narrowbody freighter had exceeded expectations.The fleet has almost doubled in size, from 59 aircraft in April 2021 to 113 ...
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Cathay Pacific flight capacity begins to recover in April with mixed demand
Cathay Pacific’s cargo throughput increased by double-digit figures in April as the airline plans to add more cargo flights following the Hong Kong government’s easing of crew quarantine rules.The airline carried 92,361 tonnes of cargo last month, an increase of 26.3% compared to April 2021, but a 43.6% decrease compared ...
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Airfreight rates to continue to rise despite easing demand?
The current easing of the airfreight market may only be a temporary blip and rates could rise further once lockdowns in China are lifted, according to Bruce Chan, senior analyst at investment bank Stifel.In the latest Baltic Exchange market round-up, Chan said that despite a year on year drop in ...
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NewsMiami International Airport throughput up 8% year on year in Q1 2022
Miami International Airport's (MIA) total freight volume in the first quarter of 2022 increased by 8% year on year to 687,675 tons.552,371 tons of this came from international traffic. International freight at MIA has grown 5.4% in the year to date, while domestic freight is up 20.5%.MIA’s strong first quarter ...
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NewsDisruption continues to hit air cargo as volumes drop again in April
The air cargo industry continues to be buffeted by a range of issues that resulted in volume declines deepening in April, according to figures from CLIVE Data Services.The Xeneta-owned data provider's latest numbers show that air cargo volumes decline by 8% year on year in April following on from a ...
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NewsIATA: Air cargo demand drops in March amid "growing challenges"
Source: IATACovid, the Ukraine war and oil prices all contributed to a drop in demand in global air cargo markets in March, according to data from the International Air Transport Association (IATA).Cargo demand is tracking below pre-Covid-19 levels, and like February, capacity remained constrained.Global demand, measured in cargo tonne-kilometers (CTKs), ...
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Airfreight rates begin to rise in April
Airfreight rates on major east-west trades began to creep back up in April following the previous month's decline, as demand began to rise in line with seasonal trends.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April the average rate from Hong Kong to North America ...
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NewsA record Q1 for cargo at Leipzig/Halle despite weakening in German market
Source: ShutterstockGermany’s Leipzig/Halle Airport set another record for cargo volumes in the first quarter while the overall German market showed signs of weakening in March.The airport - the fourth largest in Europe in terms of cargo - handled 385,438 tonnes of freight in the first three months of the year, ...