Air cargo is poised to benefit from a potential decline in ocean shipping reliability in 2024 as the industry grapples with the implications of changes to antitrust regulations. Xeneta chief airfreight officer Niall van de Wouw, speaking at the TIACA executive summit, highlighted the key factors shippers consider when choosing between air and ocean freight. […]
Read MoreThe outlook for air cargo demand in 2024 remains uncertain, with industry experts offering a range of projections from flat growth to moderate increases. While there is some optimism that demand could recover from its current slump, ongoing economic and geopolitical uncertainties cloud the picture. At the Tiaca Executive Summit event, Rogier Blocq of data […]
Read MoreThe logistics industry is undergoing significant changes, with trade flows shifting and the structure of e-commerce evolving. However, air cargo is still well-positioned to play a vital role. In the US market, Laredo on the US-Mexico border has surpassed the Port of Los Angeles as the biggest gateway for imports for the eighth consecutive month. […]
Read MoreAir cargo demand hopes for a late-year surge faded in October, with data showing only a slight increase in demand. Xeneta, a data provider, reports that air cargo demand rose 2% in October compared to September, which it describes as “sub-seasonal” compared to the previous five years. General air cargo spot market rates also increased […]
Read MoreAir freight rates on major east-west routes rose faster than expected in October, as the industry entered its traditional peak season. The Baltic Exchange Airfreight Index (BAI) showed that average spot and contract rates from Hong Kong to North America increased by 18.4% compared with September to $5.80 per kg. This is still 13.9% […]
Read MoreThe air cargo industry has seen some improvement in recent weeks, with rates tightening and demand increasing. However, experts remain cautious, warning that it may be too early to celebrate a full recovery. The Baltic Exchange Airfreight Index (BAI) rose 0.7% in the week to October 9, cutting its year-on-year decline to -29.2%. This […]
Read MoreHere’s why utilizing a cloud-based solution is not only the most advanced but also the most secure way of integrating and operating within the air cargo landscape. Introduction: In the rapidly evolving landscape of global trade and logistics, the air cargo industry stands as a linchpin. To meet the demands of this dynamic sector, innovative […]
Read MoreAirfreight rates showed signs of recovery in September, marking the first significant improvement in over a year. The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates – spot and contract – paid by forwarders from Hong Kong to Europe and North America increased for the second month in a row […]
Read MoreAir cargo demand has continued to decline in recent months, with no signs of a peak season despite some expressing hopes of a recovery in the final months of the year. The latest data from Xeneta-owned CLIVE Data Services shows that in August demand in chargeable weight terms declined by 1% year on year […]
Read MoreLos Angeles World Airports (LAWA) is set to construct and implement its new Cargo Modernization Program at Los Angeles International Airport (LAX). The program, which has been in the works for several years, is a major overhaul of LAX’s outdated and inefficient cargo facilities. The new program will include a number of improvements, including: Improved […]
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