All WorldACD articles
-
NewsRates on key Asia trades flat but steady in September
Airfreight rates on the transpacific market were largely flat in September but are expected to pick up as the peak season approaches and as US port strikes are now underway. The latest figures from the Baltic Exchange Airfreight Index (BAI) calculated by TAC Index show that rates from Hong Kong ...
-
NewsCooler air cargo market in September just a blip
The air cargo market showed signs of cooling slightly in September but expectations are that demand will quickly pick up again in October.Freight forwarder Dimerco said that e-commerce and electronics volumes had "underperformed expectations in September".The company also pointed out that while the Global Purchasing Managers Index (PMI) Composite Output ...
-
NewsSurging air cargo rates out of Japan and Bangladesh boost buoyant market
Airfreight rates from Bangladesh and Japan have surged in recent weeks helping to raise prices in an "already buoyant" air cargo market, according to data provider WorldACD.The latest figures from WorldACD show that overall airfreight rates were up 14% year on year in the week ending September 15, led by ...
-
NewsDHL points to a difficult Q4 as more figures confirm a bumper August for air cargo
Source: Supakitswn/ shutterstock.comDHL Global Forwarding's latest market outlook has highlighted a difficult end to the year, while figures from WorldACD show buoyant market conditions continued in August.The forwarder's State of the Industry report looks at the potential impact of demand, capacity, rates, economic growth and service disruption in the fourth ...
-
NewsBangladesh air cargo spot rates peak
Air cargo spot rates from Bangladesh to Europe have risen to their highest level this year amidst political unrest in the country that has resulted in disruption to air cargo operations.Data from WorldACD shows that in the week from Monday July 29 to Sunday August 4 (week 31), spot rates ...
-
NewsAir cargo market update: Demand dips as July gets underway
The air cargo market saw volumes decline in the first week of July as US Independence Day celebrations put the brakes on growth.The latest figures from data provider WorldACD show that demand was down 5% in the first week of the month compared with the prior week.WorldACD said the result ...
-
NewsGeneral air cargo demand takes off thanks to e-com and ocean disruption
General cargo has been growing at a faster rate than special products so far this year as a result of growing e-commerce demand and disruption in the container shipping industry.Stats from data provider WorldACD show that over the first five months of the year, general cargo volumes increased by 13% ...
-
News
Ocean and airfreight rate differential narrows
The difference between ocean and airfreight rates has narrowed to its lowest level since the third quarter of 2022 as container supply chains continue to come under pressure.Writing on LinkedIn, data provider Rotate's Tim van Leeuwen and Mels Wittenburg pointed out that on a global level ocean rates are now ...
-
NewsWorsening containership market keeps the pressure on air cargo
The recent deterioration in the ocean shipping market could be pushing more cargo to airfreight following the impact of the Red Sea crisis.In its latest market update, data provider WorldACD said that over the last few weeks air cargo demand and rates from Asia Pacific origins "continue to soar well ...
-
InsightsAir cargo rates and volumes continue to soar in May
Airfreight rates continued to rise in May while demand also continued to beat last year's levels.The Baltic Exchange Airfreight Index (BAI) shows that in May rates from Hong Kong to North America increased 9.1% year on year to $5.53 per kg.From Hong Kong to Europe rates paid by forwarders are ...
-
News
Central and South American air cargo volumes boom in April
Air cargo volumes out of Central and South America (CSA) have taken off in the last few weeks of April ahead of Mothers' Day celebrations in North America.Analysis from WorldACD shows that air cargo volumes from CSA increased by 17% week on week in week 17, following on from a ...
-
News
Hong Kong air cargo rates on key trades now ahead of last year
Rates on services from Hong Kong to Europe and North America are now ahead of last year's levels as demand continues to surge.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April average all-in rates from Hong Kong to North America were up 6.5% year on ...
-
News
Dimerco positive on air cargo outlook as e-commerce soars
Taiwan-based freight forwarder Dimerco is positive on the air cargo demand outlook for the rest of the year as it reports continuing e-commerce volume growth.In a monthly market update, the forwarder said that in March e-commerce shipments were flooding airports in south China and expanding rapidly across other gateways in ...
-
News
Air cargo demand still growing after LNY but rate of improvement slows
There had been much speculation in air cargo about whether the strong demand growth reported over the first two months of the year would continue past the Lunar New Year holiday but it appears the buoyant market conditions are so far continuing, although at a slightly lower level.Figures released last ...
-
NewsWorldACD: January and February figures show air cargo is in recovery mode
The strong demand growth levels recorded over the first two months of the year are evidence of an improvement in air cargo demand after a weak 2023.Data analyst WorldACD said that it is hard to gain a true understanding of demand trends by looking at January and February individually due ...
-
NewsFreighter operators face margin squeeze
Operating freighter aircraft has historically been a business with tight margins, a market environment temporarily interrupted by the Covid-19 pandemic. Recent airline financial statements again show (more familiar) marginal profitability levels, despite yields that remain 35%-40% up on 2019 figures.Slim pickings: turning a profit in air cargoFor the two decades ...
-
News
WorldACD figures show extent of sea-air growth
The latest weekly figures from data analyst WorldACD show an upswing in volumes at sea-air hubs as a result of the Red Sea shipping crisis.WorldACD figures show that over the first seven weeks of the year, Dubai, Colombo and Bangkok all saw their respective tonnages to Europe increase by more ...
-
News
Airfreight rates slide in line with Lunar New Year holiday demand decline
Airfreight rates began their Lunar New Year holiday decline last week after rising in the first six weeks of the year.The latest figures from TAC Index show that last week overall airfreight rates slipped by 8.2% compared with the week before and are down 21.2% from a year ago."Despite ongoing ...
-
NewsAir cargo market shows signs of cooling after busy start to 2024
The latest figures show that the air cargo market is beginning to cool after a brisk start to the year caused by the Red Sea crisis and pre-Lunar New Year (LNY) rush.Figures from analyst WorldACD show that in week six, tonnages out of China declined by 2% compared with the ...
-
News
SGL: Lunar New Year break set to cool "red hot" air cargo market
Scan Global Logistics has described the current airfreight market as "red hot", but it expects the situation to cool now the Lunar New Year holiday in Asia is underway.The forwarder reports that over the last few weeks, there has been a rush in demand ahead of the 14-day Lunar New ...