Air cargo demand in May has continued to wane while rates have kept rising on major East-West trades compared to a year ago. Average rates from Hong Kong to North America in May increased by 21.7% y/y and 1.2% m/m. From Hong Kong to Europe, average rates for May increased by 34.2% y/y and […]
Read MoreData from Accenture’s Seabury indicated capacity out of Shanghai had fallen 40% from March although data from Clive Data Services showed load factors have reached the lowest levels ever recorded. Niall van de Wouw, head of airfreight at Clive Data Services said Shanghai Westbound load factors were 49% last week. “The average between January and […]
Read MoreThe International Air Transport Association (IATA) said global air cargo growth increased in February although capacity remains constrained. Global demand measured in cargo tonne-kilometers (CTKs), was up 2.9% compared to February 2021. Demand was up 2.5% for international operations. Accounting for the volatility of the Lunar New Year by averaging January’s and February’s performance, IATA […]
Read MoreDemand continues to increase, the upcoming change in season is seeing an increase in air freight requests for inventory to be stocked for Summer. To ensure goods arrive quickly, consider smaller batches of cargo across multiple uplifts. Rates are at a stable high due to capacity constraints, Jet fuel prices starting to decrease however the […]
Read MoreThe IATA summer schedule begins on March 27th, 2022. After two years of the coronavirus pandemic, the airlines are anticipating pent-up demand for travel to unwind in the coming months. “Here at Lufthansa, we expect to ramp up capacity on the North Atlantic significantly going into the summer schedule, driven by resurging passenger numbers. It […]
Read MoreThe air cargo market should be cautious about drawing conclusions based on January’s market performance, said Niall van de Wouw, chief airfreight officer at Xeneta. Aside from the uncertainties caused by COVID, the aviation industry encountered added challenges brought on by 5G concerns in the U.S., winter weather episodes impacting flight schedules and an earlier-than-usual […]
Read MoreAfter two weeks since Russia’s invasion of Ukraine, there seems to be a negligible impact on the container prices and leasing rates in China. Container availability has improved soon after the Chinese New Year until Friday across key ports in China. However, with the announcement of nationwide lockdowns, the supply chain must prepare for another […]
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