All Tac Index articles – Page 2
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NewsAre recent air cargo improvements the start of a full market recovery?
There is no doubt that the air cargo industry has seen some improvement over the last few weeks but there is debate over whether this represents the start of a full recovery for the market.The latest rate figures indicate a tightening of supply and demand with last week's numbers from ...
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NewsAirfreight rates continue to rise in September
Airfreight rates finally showed signs of improvement in September (see dashboard at end of article) and further increases have been recorded in the first week of October.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates - spot and contract - paid by forwarders from Hong ...
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More signs of a 'firmer' air cargo market
There were further signs that the air cargo market was firming up last week after more than a year of demand declines.The latest weekly figures from data provider TAC Index show that the overall BAI airfreight rate index last week increased by 4.8% on the previous seven days.Meanwhile, the year-on-year ...
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NewsMajor Hong Kong trades see airfreight rates stabilise in August
Major trades out of Hong Kong and Frankfurt saw airfreight rates stabilise in August after months of declines [see dashboard at end of article].The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average prices paid by forwarders - both contract and spot - on services from Hong ...
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Air cargo set for slow recovery as it reaches the bottom
Air cargo volume declines have bottomed out but are expected to remain in the doldrums for a while yet.Writing in the latest Baltic Exchange air cargo market newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel said that the company felt ...
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Have air cargo rate and volume declines bottomed out?
The big two questions posed in the latest Baltic Exchange air cargo market update were whether rates and volumes had reached the bottom.Tackling the question on demand, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel, outlined three scenarios.Chan's bull thesis is ...
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NewsAirfreight rates down in June as summer lull arrives
Airfreight rates declined again in June as the quieter summer period resulted in a demand slowdown (see dashboard at end of article).The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates – based on contract and spot process paid by forwarders – on services from Hong ...
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New air cargo spot rate assessments go on trial
TAC Index, which offers “live actionable market intelligence to the airfreight industry, is – in collaboration with the Baltic Exchange – trialling spot rate only assessments for air freight flying from India and Vietnam to Europe.Additional trial routes will be added shortly, all of which will, TAC Index said, “pave ...
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Air cargo stabilises but there are risks ahead
Recent airfreight rate data appears to show that the air cargo market may have reached a new normal but the outlook remains cloudy.Writing in his monthly column for the Baltic Exchange Airfreight newsletter, Bruce Chan, director and senior research analyst covering global logistics and future mobility at investment bank Stifel ...
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Airfreight rates climb on the transpacific in March
Transpacific airfreight rates picked up in March, although there were further declines from Hong Kong to Europe and across the Atlantic.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that prices from Hong Kong to North America in March increased by 9% compared with February to $5.38 per ...
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NewsMore signs of some improvement in air cargo
More reports have emerged this week suggesting that there might be a slight improvement in the air cargo market led by the ramping up of production in China.In its latest weekly market report, data provider TAC Index pointed out that the overall Baltic Air Freight Index covering prices by forwarders ...
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First signs of recovery in air cargo?
The air cargo market could be showing the first signs of a possible recovery fuelled by the restart of production at Chinese factories.Data provider TAC Index said that while air cargo rates "continued to edge slightly lower" last week there were indications of the "first shoots of recovery" for some ...
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Rates on major trades down but still more than 50% above pre-Covid levels
Airfreight rates continued their downward spiral in January but are still above pre-Covid levels.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in January declined to $6.14 per ...
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No signs of Chinese New Year rise in air cargo demand
Any hopes of a surge in air cargo demand ahead of the Chinese New Year/Lunar New Year holiday appear to have faded as economic pressures continue to put the breaks on consumer spending.The two-week holiday this year falls on January 22 but industry players are not expecting to see the ...
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Rates end 2022 on a flat note but ahead of pre-Covid levels
Airfreight rates on key trade lanes ended the year on a flat note, but remain above pre-Covid levels.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that average rates – both contract and spot – paid by forwarders on services from Hong Kong to North America in December ...
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Air cargo rates continue to decline in November
Air cargo pricing on some of the world's major trade lanes continued to decline in November, bucking usual seasonal trends.The latest statistics from the Baltic Exchange Airfreight Index (BAI) show that spot and contract rates paid by forwarders on services from Hong Kong to North America slipped to an average ...
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NewsTAC Index to launch new air cargo data quality report
Source: TAC IndexPrice reporting agency TAC Index is set to launch a new product that will help companies improve the quality and timeliness of their data.The new TAC Insights – Data Health Report will be offered free of charge to freight forwarders that provide pricing data for the index as ...
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Soft market conditions continue in air cargo
Soft market conditions continue in air cargo as trade worries, high inflation and new Covid lockdowns impact demand.This week's market round-ups from forwarders and analysts point to a weakening market in terms of demand, although rate declines have eased.Flexport mentioned lockdowns being introduced in Ningbo and their potential to hit ...
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Index-linked air cargo contracts take off
The air cargo industry has witnessed a rapid increase in the use of index-linked agreements (ILA) since the start of the pandemic as firms look to protect themselves against contract breakdowns due to swings in rates.John Peyton Burnett, managing director of airfreight rate data firm TAC Index, said that prior ...
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Airfreight rates on key lanes continue gradual descent in September
Airfreight rates on key trade lanes out of Asia continued to weaken in September despite the industry heading towards the peak season.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in September rates from Hong Kong to North America declined by 18.5% compared with a year ago ...