air cargo data Archives - The Loadstar

Airfreight rates ex-Asia still rising, but ‘no drama’ in a better prepared market

Alex Lennane — Fri, 01 Nov 2024 12:55:12 +0000

Forwarders and data providers are reporting increasingly high airfreight rates out of Asia, expected to hit a new level at the end of November. But the market is not anticipating a ‘crazy’ peak.
Worldwide, air cargo spot rates rose 5% in the last week of October, from a week earlier, with origin Asia Pacific up 3%, Europe up 7% and Central and South America up 8% – although global tonnages remained ...

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Asia Pacific airfreight market on the up, despite manufacturing slowdown

Alex Lennane — Mon, 28 Oct 2024 12:33:25 +0000

The global manufacturing PMI has fallen below 2023 levels for the first time this year – although some countries in Asia continue to enjoy growth, including India and Thailand.
And a further economic slowdown is expected during Q4, noted Dimerco Express Group in its Asia Pacific freight report, out today.
Nevertheless, airfreight out of Asia is going strong, according to the forwarder.
“The traditional peak season began in mid-October, immediately following China’s Golden ...

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Air cargo shifts capacity to where the money is as holiday season begins

Alex Lennane — Tue, 22 Oct 2024 11:05:56 +0000

Airlines are shifting capacity to Asia Pacific-North America as disruption from China’s forthcoming Golden Week holiday recedes, and the Christmas rush starts.
According to the US National Retail Federation (NRF), consumer spending for the holidays is expected to grow between 2.5% and 3.5% on last year, while ecommerce is expected to grow by 8% to 9%, to up to $297.9bn.
“The economy remains fundamentally healthy and continues to maintain its momentum heading ...

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Air cargo spot rates hit 2024 peak, while Vietnam becomes a hotspot

Alex Lennane — Fri, 11 Oct 2024 10:57:14 +0000

Air cargo spot rates have risen to their highest level this year, despite the recent Golden Week holiday in China.
Tonnages fell by 7% week on week out of Asia Pacific, in the week to 6 October, WorldACD said. But worldwide spot rates went up +1% in the week to $2.84 per kg – their highest level this year.
Asia Pacific rates rose 1%, while Africa was up 2% and Central and ...

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Ex-Asia airfreight rates start to hit peak season levels as capacity tightens

Alex Lennane — Fri, 13 Sep 2024 12:24:03 +0000

Air cargo spot rates have hit a new height in the first week of September, as the industry braces for transpacific-heavy demand in Q4.
Average global spot rates went up 6% in week 36, according to WorldACD, 30% higher than a year earlier. Asia-Pacific origin rose 6% week-on-week while the Middle East and south Asia went up 7% – 41% and 101% higher year-on-year, respectively.
Contract rates also went up 3% week-on ...

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‘Aggressive’ ecommerce growth hampered by lack of air cargo capacity

Alex Lennane — Tue, 10 Sep 2024 11:26:22 +0000

Airlines will be forced to get creative with their networks as air cargo’s predicted two-year demand growth will create an “unprecedented state”, with limited capacity.
During today’s EU CBEC ecommerce forum at Liege airport, CEO of market intelligence platform Rotate, Ryan Keyrouse, said: “If e-commerce growth continues aggressively, we are going to be in an unprecedented state; the highest two-year growth average we’ve had in recent decades.”
Mr Keyrouse noted that due to ...

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Warning of peak season airfreight capacity challenges out of Asia

Alex Lennane — Wed, 04 Sep 2024 10:54:59 +0000

As the industry heads into the peak season for airfreight, cargo owners are facing challenges to securing capacity out of Asia.
Some origin and transit points are already struggling with congestion while capacity there can only be secured by paying premium rates, warned Hong Kong-based logistics provider Dimerco in its latest market update.
A lot of lift has already been snapped up by large e-commerce firms that have signed-up peak charter flights ...

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Airfreight rates ex-Asia ‘surprisingly strong’ through traditionally low period

Alex Lennane — Fri, 12 Jul 2024 11:15:10 +0000

Airfreight rates out of Asia continue to harden – despite a brief fall around US Independence Day on 4 July.
The first week of July saw worldwide tonnage up 11% year on year, according to data released by WorldACD today. Average worldwide rates of both spot and contract, were $2.57 per kg in week 27, up 2% from the previous week – some 68% higher than the same period of last ...

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Shippers facing peak season surcharges as air cargo heads into a ‘hot Q4’

Alex Lennane — Fri, 05 Jul 2024 11:49:14 +0000

Air cargo players look set to introduce a peak season surcharge at the end of August, as capacity comes under pressure.
Xeneta today warned that air cargo capacity in Q4 could be expensive for shippers.
“I’ve heard already that certain airlines and forwarders are thinking of implementing a peak season surcharge by the end of August,” said chief airfreight officer Niall van we Wouw.
“There’s a consensus it will be a hot Q4 ...

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Air freight ‘set for a turbulent summer’ – but is it dependent on ocean failing?

Alex Lennane — Tue, 02 Jul 2024 12:48:30 +0000

During the pandemic, analysts noted the distinct correlation between poor ocean schedule reliability and air freight demand. Shippers that needed certainty chose air.
But as ocean freight rates begin to creep up to near-Covid levels, shipping reliability is also on the rise this time around.
Despite pockets of port congestion, such as in Singapore, and issues with container availability, data out this week shows that in fact shipping lines are – relatively ...

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