All Seabury Consulting articles
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NewsSeabury highlights a mixed picture for air cargo
Sander Schuringa. Source: Air Cargo NewsWhile the air cargo industry faces dark clouds there are reasons to stay positive, according to Accenture's Seabury Cargo.Speaking at the TIACA Air Cargo Forum, the consultant's commercial manager Sander Schuringa highlighted the current headwinds facing the air cargo sector.He pointed to air cargo demand ...
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Air cargo still benefiting from high cost of box shipping
Air cargo will continue to benefit from the narrowing of pricing compared with ocean shipping despite that difference coming down in recent months.Speaking on day one of the IATA World Cargo Symposium (WCS), IATA chief economist Marie Owens Thomsen pointed to statistics showing that the gap between ocean and airfreight ...
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NewsShanghai PVG air cargo capacity drops by two thirds in April
Air cargo capacity out of Shanghai has been reduced to just a third of its level last year in response to the city wide lockdowns that have caused production to grind to a halt.The latest statistics from Accenture's Seabury Consulting show that in the first two weeks of April, cargo ...
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NewsNE Asia-Europe capacity drops more than 20% due to Ukraine crisis
Air cargo capacity on the north east Asia-Europe trade lane has dropped 22% since the end of February when the Russian invasion of Ukraine began, according to the latest figures from Accenture's Seabury Consulting.The consultant compared capacity on the trade between March 12-18 with February 19-25 as it has taken ...
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NewsWhen will air cargo's supply-demand balance return to pre-Covid levels?
The air cargo market could see its supply-demand balance return to pre-covid levels in 2025, although that prediction comes with a plethora of caveats.Speakers at the Nordic Air Cargo Symposium were tasked with taking a look at air cargo’s road to recovery and they concurred that industry turbulence was set ...
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NewsAir cargo capacity climbs but rates remain high
Air cargo capacity continued to edge back towards 2019 levels at the end of November but strong demand and congestion has continued to push up prices on the transpacific.Figures from Accenture's Seabury Consulting show that air cargo capacity in the last two weeks of November was 5% lower than the ...
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Preighters unlikely to offset rising air cargo demand
The use of passenger aircraft in an all-cargo configuration is unlikely to offset rising air cargo demand for the peak season.Writing in the Baltic Exchange monthly market summary, Bruce Chan, vice president of global logistics at investment bank Stifel said that issues in ocean shipping, high ocean prices and ongoing ...
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NewsIAG Cargo and Seabury report on busy airfreight market
IAG Cargo has described the airfreight market as "incredibly busy" with particularly strong growth in e-commerce and automotive sectors, as well as the rollout of Covid vaccines.At the carrier's Cargo Live webinar, chief commercial officer John Cheetham at IAG Cargo, said that the company is continuing to expand its network ...
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Long-term air cargo capacity outlook remains uncertain
While air cargo capacity is expected to remain constrained in the short term, opinion is divided on the supply-demand balance in the longer term.Speaking during Cargo Talks, an online event hosted by from Turkish Cargo, Wouter Dewulf, academic director, C-MAT, University of Amsterdam, said that it was likely that cargo ...
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NewsCarriers quick to return cargo capacity to the market after Christmas
Air cargo capacity quickly recovered to pre-Christmas levels after a temporary dip over the break, according to the latest figures from Accenture's Seabury Consulting.The latest Seabury figures show that capacity across express carriers, freighter carriers and bellyhold operations dipped in the last week of the year (see chart) but was ...
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NewsAirfreight rates climb in November while belly capacity grows
The air cargo industry saw rates out of Hong Kong increase in November while the start of December has seen carriers re-introduce belly capacity.November figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Data show that in November average airfreight rates from Hong Kong to North America ...
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NewsAirfreight rates out of Asia head back to early summer levels
Airfreight rates between Shanghai and North America last week reached their highest level since early June.The latest Tac Index figures show that average prices on services from Shanghai to North America increased by 26.2% week on week to reach $6.07 per kg.Meanwhile, prices from Hong Kong to Europe have climbed ...
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Airfreight rates stable in September as carriers add capacity
Airfreight rates on some of the world’s main trade lanes stabilised at an elevated level in September as carriers continued to slowly add cargo capacity.The latest figures from data provider TAC Index show that average rates on services from Hong Kong to North America were up 52.9% year on year ...
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NewsShanghai airfreight rate declines show signs of slowing
Airfreight rate declines out of Shanghai have shown signs of stabilising over the last week.The latest figures from TAC Index show that prices from Shanghai to North America last week declined by 4.3% compared with the previous week to $4.50 per kg.From Shanghai to Europe prices slipped by 2.4% week ...
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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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NewsAirfreight rates tumble as urgent PPE demand slows
Airfreight rates out of Shanghai and Hong Kong continued to decline last week as urgent demand for personal protective equipment (PPE) begins to slow.TAC Index figures show that last week average prices from Shanghai to North America dropped by 23.9% week on week to $5.80 per kg. From Hong Kong ...
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NewsAirfreight rates continue to decline on key trades
Airfreight rates out of Shanghai continued on a downward trajectory last week as air cargo capacity on key routes remained steady.The latest figures from TAC Index show that average airfreight rates between Shanghai and North America last week dropped by 29.6% compared with a week earlier to $7.62 per kg.This ...
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NewsAirfreight rates from Shanghai decline as outlook remains uncertain
Seabury Consulting air cargo capacity May 28Airfreight rates out of Asia Pacific appear to have peaked, with prices from Shanghai to Europe and North America both declining last week.The latest figures from TAC Index show that after seven weeks of rapid increases, rates from Shanghai to North America last week ...
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NewsAir cargo capacity slides as airport congestion slows operations
The gap between air cargo capacity in 2020 and last year has grown again as airport congestion has slowed freighter operations.The latest data from Accenture's Seabury Consulting shows that global air cargo capacity was last week 28% lower than a year ago. Last week the figure stood at 25%.The decline ...