The global air cargo market entered its peak shipping season this week, with demand surging past available capacity, pushing rates on key trade lanes to new highs for 2024. Asian export routes and the trans-Atlantic corridor are experiencing particularly sharp rate increases, reflecting strong demand and limited supply. Spot rates for Shanghai to North Europe […]
Read MoreThe air cargo sector is adopting a cautious “wait and see” stance regarding the possible impact of new US tariffs and heightened regulatory scrutiny for e-commerce shipments. This sentiment was echoed during the Tiaca Air Cargo Forum, where industry leaders discussed how anticipated policy changes could reshape the market. At the forum, Tiaca’s executive director […]
Read MoreThe air cargo industry may face significant setbacks if the new U.S. administration, potentially led by Donald Trump, enforces stricter regulations on low-value e-commerce shipments, as industry experts anticipate. Judah Levine, head of research at Freightos, suggests that changes could come to the “de minimis” exemption, which currently allows imports valued under $800 to bypass […]
Read MoreIn 2023, air cargo traffic saw a slight decline, with global volumes decreasing by 1.8% to 115 million tonnes, according to Airport Council International (ACI) World. Cargo traffic continued to concentrate in the world’s primary hubs, though the busiest airports held relatively stable positions. Hong Kong maintained its lead with 4.3 million tonnes, followed by […]
Read MoreThe airfreight industry has reached a pivotal moment, with benefits from the Red Sea crisis tapering off while e-commerce growth continues to exacerbate trade lane imbalances. These insights were shared by experts during the “Flexport Air Market Predictions for 2025” webinar this week. Niall van de Wouw, Xeneta’s Chief Airfreight Officer, noted that while ocean […]
Read MoreWhile the 2024 crystal ball remains cloudy, a glimmer of hope shines for the air cargo industry. Geopolitical turmoil and unpredictable supply chains could create a surge in demand for its reliable services. December saw promising signs: Demand surged 9% year-over-year, partly driven by a weak 2022 comparison. Spot rates climbed to their highest in nine […]
Read MoreForget the runway, e-commerce is propelling the airfreight industry towards new heights. While overall supply chain growth flatlines in 2024, online shopping’s meteoric rise promises to be the wind beneath its wings. This isn’t just a temporary surge; it’s a fundamental shift in consumer behavior, fueled by a pandemic-born expectation of instant gratification. Next-day delivery? […]
Read MoreIn a groundbreaking move, Dronamics, the pioneering cargo drone airline, has partnered with Qatar Airways Cargo, the world’s leading international cargo carrier, to establish the first-ever interline agreement between an international airline and a cargo drone airline. This landmark collaboration marks a pivotal moment in the evolution of air cargo transportation, paving the way for […]
Read MoreAfter several years of volatility, the air cargo market is anticipated to stabilize in 2024, with a return to “classic seasonality.” However, industry experts caution that unforeseen events could still cause turbulence. Data provider Xeneta projects modest growth of 1-2% for air cargo volumes in 2024, while supply is expected to increase at a slightly […]
Read MoreIn a landmark decision, member countries of the International Civil Aviation Organization (ICAO) have pledged to collectively reduce carbon dioxide (CO2) emissions from aviation by 5% compared to current fossil fuel levels by 2030. This ambitious target forms part of a broader “collective vision” for a sustainable aviation future, encompassing harmonized regulatory frameworks, implementation support […]
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