All Tac Index articles – Page 3
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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 ...
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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 ...
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News
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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Air cargo alliance aids price optimisation
TAC Index has formed an industry first alliance with a provider of SaaS solutions that optimise shopping and selling experiences to give the latter’s customers greater, more accurate and timely visibility into market air cargo rates.The alliance aims to help PROS customers optimise prices and maintain profit margins as the ...
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Airfreight space constraints and high rates set to continue
Capacity constraints and high air cargo rates are expected to continue for the time being as the industry continues to battle with the impact of Covid-19.In the latest Baltic Exchange market round-up, industry observers say that ongoing issues in ocean freight and the emergence of the omicron variant have delayed ...
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Tac Index adds new routes to freight rate data
Airfreight rate data provider Tac Indices has added several new routes to its service.The newly launched Tac routes include Vietnam-Europe, US-China, US-South America and US-Europe.Tac managing director John Peyton Burnett said: “Our newly launched routes have become important trade lanes for air cargo in recent years, and we are very ...
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NewsCLIVE: Air cargo back on track for recovery
Source: CLIVE Data ServicesAir cargo demand returned to growth in June following a drop in May as a result of public holidays.The latest statistics from CLIVE Data Services show that air cargo demand in June increased by 1% compared with the same month in 2019 (used for comparison due to ...
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News
Spire and TAC team up on air cargo capacity data service
Data analytics firm Spire Global and rate data provider TAC Index are teaming up to offer available air cargo capacity on various different routes.The two companies have formed a strategic partnership to support the launch of TAC Space, which will offer insights built from live tracking of global air cargo ...
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NewsTac Index adds to its board of advisors
Gareth SinclairAir cargo rate data provider Tac Index has appointed Gareth Sinclair to its board of advisors.He has worked in the airline industry for almost 30 years, starting with the British Airways passenger business in financial and commercial management roles.In 2007, he joined British Airways World Cargo, to further develop ...
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NewsAir cargo makes recovery "that passenger departments will be dreaming of"
The latest data form CLIVE Data Services and TAC Index suggests that in the last 10 months, global air cargo volumes have recovered to pre-Covid levels, demonstrating the "robustness" of the market and "a recovery that airline passenger departments will be dreaming of".In its February 2021 report, analyst CLIVE Data ...
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NewsCLIVE: Air cargo load factors "exceptional" as unpredictable market continues
January saw air cargo load factors and rates pick up quickly after a post-Christmas slowdown in the first part of the year.The latest statistics from CLIVE Data Services show that in January, dynamic cargo load factors for the month stood at 66%, an increase of nine percentage points compared with ...
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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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NewsCLIVE: Air cargo volumes return to growth in December
The air cargo industry ended 2020 on a positive note with weekly volumes growing for the first time in more than a year, according to CLIVE Data Services.The latest figures from CLIVE show that for the week ending on January 3, air cargo demand increased by 8% compared with a ...
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News
The Baltic Exchange launches air cargo derivatives indices
Derivatives trading platform the Baltic Exchange has launched weekly airfreight indices to allow companies to hedge against rate swings.The Baltic Exchange has partnered with Hong Kong-based air cargo pricing publisher Tac Index on the new indices, which include six outbound indices and 17 individual destination baskets.These products will be branded ...
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NewsCLIVE: End of October blip raises questions despite air cargo improvements
Air cargo demand continued to improve in October but a drop off in volumes towards the end of the month has raised some questions about the strength of the peak season.The latest figures from CLIVE Data Services show air cargo volumes for the month were 3% higher than September. October ...
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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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NewsCLIVE: Gradual recovery in air cargo market that could turn toxic for shippers
Air cargo continued to make a gradual recovery in September, but the situation could be about to turn toxic for buyers of airfreight capacity, according to CLIVE Data Services.According to CLIVE, September saw chargeable weight transported decrease by 15% year on year, which is better than the 24% decline registered ...
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News
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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NewsCLIVE: Airfreight market improves for fourth consecutive month
The airfreight market has showed signs of improvement for the fourth consecutive month, CLIVE Data Services' and TAC Index's latest data has shown."Year-on-year growth during August showed a further narrowing of the gap in international air cargo volumes to -17% versus August 2019," the analysts said.By comparison, there was a ...
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Airfreight rates on the up in August
Air cargo rates on some of the world’s busiest routes began to pick up again in August while the outlook remains uncertain.The latest figures from Tac Index show that prices on services from Hong Kong to both North America and Europe increased in August compared with both a month earlier ...