All FIS articles
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News
Airfreight rates expected to remain elevated in 2021
Airfreight rates are expected to remain elevated in 2021 as the demand outlook remains uncertain and belly capacity is slowly re-introduced into the market.Writing in a Baltic Exchange market update, Bruce Chan, vice president – global logistics at investment bank Stifel, said that airfreight rates are likely to remain elevated ...
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Airfreight rates to the US continue to pick up
Airfreight rates out of major Asian origins to North America showed signs of increasing last week as demand shows signs of picking up.Figures from data provider TAC Index show that average airfreight rates from Shanghai to North America last week increased by 9.7% compared with a week earlier to $5.10 ...
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NewsDeclining rates add to pressure on cargo-only PAX flights
Freight rates out of China continued their return to normal seasonal levels last week, putting further pressure on the use of passenger-freighter flights.The latest figures from TAC Index show that average rates from Shanghai to Europe last week declined by 30.8% week on week to $3.70 per kg. Prices are ...
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Air cargo rates and capacity on the slide as PPE demand weakens
Airfreight rates and capacity both declined last week as demand for the transportation of personal protective equipment (PPE) continues to slow.The latest figures from TAC Index show that airfreight rates from Shanghai to North America declined by 12.8% week on week to $5.06 per kg, while from Hong Kong to ...
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Asia-Europe airfreight rate growth shows signs of slowing
Airfreight rate increases between Asia Pacific and Europe showed signs of slowing down last week as coronavirus lockdown measures began to be eased.Data from TAC Index shows that last week average airfreight rates from Shanghai Pudong to Europe declined by 4.5% on a week earlier to $9.98 per kg.This is ...
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NewsAirfreight rate data points to China demand surge ahead
Intra-Asia airfreight rate data could indicate a surge in cargo from China over the coming weeks.The latest figures from TAC Index show that airfreight rates on services between China and Singapore, and from China to Korea dramatically spiked over the last few weeks.Prices from Singapore to China reached just over ...
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Coronavirus set to impact air cargo
The air cargo industry is bracing itself for the impact of measures taken to halt the spread of the deadly coronavirus in China.Overnight, British Airways announced that it would suspend all direct flights to and from mainland China, with others expected to follow.United Airlines, Cathay Pacific and Air Canada are ...
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News
Cathay Pacific: positive peak season for AP region
Cathay Pacific Cargo has reported a positive peak season, based on its performance and its role in transporting freight related to consumer-led holidays such as Singles' Day, Thanksgiving and Christmas.In a reflective, positive statement, the company's head of cargo global partnerships, James Conlin (pictured), said: "While still below what it ...
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A mixed picture for rates as air cargo shows some signs of a pick-up
Airfreight rates on the transpacific trade are expected to begin picking up over the coming weeks after hitting their low point for the year.The latest data from Tac Index shows that average prices between Hong Kong and North America stood at $3.38 per kg in March.However, derivatives broker FIS said ...