Air cargo demand rebounded in March, driven in part by businesses accelerating shipments ahead of anticipated U.S. tariff changes. According to the International Air Transport Association (IATA), global airfreight demand, measured in cargo tonne kilometers (CTK), rose 4.4% compared to the same month last year. Capacity also increased by 4.3%, while the cargo load factor […]
Read MoreSeveral major Chinese airlines are reportedly considering the cancellation of their services to the United States, though no final decisions have been made, according to logistics provider Dimerco. “If these cancellations proceed, the already tight air cargo capacity from China to the US will shrink even further,” the company warned. Kathy Liu, vice president of […]
Read MoreA wave of “panic buying” is expected over the next three weeks in the trans-Pacific air freight market, as shippers rush to move goods into the U.S. before new tariff rules kick in on May 2, according to The International Air Cargo Association (Tiaca). Tiaca Director-General Glyn Hughes told the Journal of Commerce that cargo […]
Read MoreRecent data from WorldACD reveals a slight decline in airfreight demand from China and Hong Kong to the US last week, even as shipping rates increased. For the week ending April 6 (week 14), demand from these key markets fell by 1% compared to the previous week, marking the first drop since the beginning of […]
Read MoreAirfreight rates continued their upward trend last week as businesses sought to transport goods ahead of the anticipated announcement of sweeping new U.S. tariffs. According to data from TAC, compiled for the Baltic Air Freight Index, overall air cargo rates increased by 2.4% in the week ending March 31, reflecting a 5.1% rise compared to […]
Read MoreFreight forwarders are rushing to manage an unexpected surge in air cargo demand on westbound trans-Atlantic routes as shippers expedite shipments ahead of new U.S. tariffs on European goods, set to take effect on April 2. This heightened demand is pushing air freight rates upward, with prices climbing 8% this week to nearly $5 per […]
Read MoreLufthansa Cargo anticipates growth in the air cargo market in 2025 despite ongoing geopolitical challenges and capacity constraints. During a recent webinar, Heike Woerner, senior director of business development, shared the airline’s projection of a 3-5% increase in cargo demand this year. This growth aligns with forecasts of 3.3% global economic expansion and improvements in […]
Read MoreAir freight rates from China to the US have plummeted since Lunar New Year, driven by the typical post-holiday slowdown and uncertainty over new US trade restrictions on low-value imports under the “de minimis” threshold. Though the sharp decline in spot prices has stabilized in March, average rates from Shanghai to the US were down […]
Read MoreThe effects of stricter e-commerce shipping regulations started to surface in February’s air cargo data, even as the overall market maintained its growth trajectory. According to new figures from data provider Xeneta, global air cargo demand rose by 4% year over year in February. The dynamic load factor remained steady at 59%, while the average […]
Read MoreThe airfreight sector may see increased demand due to a proposed new fee targeting China-built vessels importing goods into the US. The US Trade Representative (USTR) has suggested imposing a charge between $500,000 and $1.5 million per port call for any Chinese-owned or operated vessel, as well as carriers with Chinese-built ships in their global […]
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