15 Jan 2023

Falling Demand Points to Unlikely Air Freight Peak Season

  According to CLIVE Data Services, air cargo volumes have declined -8% year-on-year, for an eighth consecutive month in October. The market outlook “remains uncertain” with “no indication there will be a peak” during the traditional Christmas peak weeks, said CLIVE. The drop in demand, measured in chargeable weight, stayed -3% below the pre-pandemic level […]

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15 Jan 2023

Supply-demand Imbalance Worsens for Air Cargo

Below-deck capacity has significantly increased in Asian markets with rising long-haul passenger numbers, but freight demand in key markets of Europe and North America is slackening. Air cargo spot rates out of China have fallen sharply through the third quarter and into October, reflecting the supply-demand imbalance. Average rate levels from Shanghai to North Europe […]

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15 Jan 2023

Spot Rates Continue to Decline in Jumpy Airfreight Market

General airfreight spot rates fell -9% year-on-year in September, below the 2021 level for the first time this year, as growing global cargo capacity continues to outpace air cargo volumes, CLIVE Data Services reported. Niall van de Wouw, chief airfreight officer at Xeneta said there are “no indications” demand will increase again. He noted some […]

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14 Jan 2023

Has the Bottom Dropped Out of the Air Cargo Market?

Several major air cargo operators are signaling an anticipated drop in demand or a flattening of the capacity requirements which characterized the pandemic. According to IATA’s latest industry update, air cargo capacity in June and July were tracking close to pre-pandemic levels but was measured against lowered demand which contracted by -5% year-on-year in August, […]

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10 Jan 2023

Air Cargo Market December average rates remained 75% above the pre-COVID level

    The air cargo market is holding its own despite the onslaught of economic pressures in the past year. According to the latest industry analysis by Xeneta-owned CLIVE Data Services, chargeable weight fell 8% year-on-year (y/y) in December and the general airfreight spot rate registered its largest y/y decline of 35% while capacity recovered […]

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10 Dec 2022

Second Best Year for Air Cargo Market Despite Softening

      Air cargo revenues have doubled over pre-pandemic levels, marking 2022 as one of the industry’s strongest years ever the International Air Transport Association (IATA) said. Air cargo is expected to continue supporting the industry’s performance. Volumes are projected to rise this year even as cargo yield moderates with the additional belly capacity […]

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