WorldACD 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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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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Poor service levels at online booking platforms could boost demand for GSSAs

Alex Lennane — Wed, 11 Sep 2024 11:56:35 +0000

Airline general sales and service agents (GSSAs) are facing challenges from the burgeoning supply of booking platforms – despite a GSSA’s ability to offer bespoke services and high service levels.
While data from WorldACD reveals that GSSAs have improved their market share by 1 percentage point in 2024 so far, growing numbers of forwarders are booking online instead – despite higher costs and lower service levels.
“Everyone is now producing a platform, ...

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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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Surging ocean waves sending ripples into airfreight

Alex Lennane — Fri, 10 May 2024 11:50:47 +0000

Forwarders are reporting that the surge in Asia-to-Europe ocean freight is also impacting airfreight.
One ocean-focused forwarder based in Singapore told The Loadstar: “It’s having a spill-over effect into airfreight ex-Asia to Europe – and even to North and South America.
“Especially for Asia to Europe, due to the uncertainty and delays with ocean shipments, we have seen quite a few customers converting to airfreight – to the point that even sea ...

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Global airfreight volumes blooming as flower shipments take off

Charlotte Goldstone — Fri, 26 Apr 2024 11:31:46 +0000

Global air cargo tonnages have taken off again after three consecutive weeks of subdued volumes, but some countries in the Middle East are still experiencing a post-Ramadan downturn.
WorldACD reported today that worldwide tonnage rose 3% from 15 to 21 April.
The air cargo data company previously recorded week-on-week (WoW) volume declines of 2%, 4% and 6% over the past three weeks, which it attributed to the effects of various holidays, such ...

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High fashion: Red Sea disruption sees apparel shippers switch to air

Alex Lennane — Fri, 19 Jan 2024 12:23:50 +0000

It has begun. Forwarders are finally seeing air cargo demand rise as shippers look to avoid the disruption in the Red Sea – with garment makers leading the way.
Xeneta said today shippers in retail and apparel were beginning to switch to airfreight. Volumes from Vietnam to Europe spiked 62% in the week to 14 January, it said, some 6% higher than the October peak and 16% up on a year ...

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SME forwarders must adapt to airfreight market dynamics or lose business

Charlotte Goldstone — Tue, 05 Dec 2023 13:50:38 +0000

The soft airfreight market has seen small and medium-sized forwarders gaining market share, but they will need to improve in some areas to retain that share.
Fiata chairman Turgut Erkeskin told delegates at the ACE air freight forwarding event in Abu Dhabi today that the market offered prime opportunities for smaller forwarders that can specialise in niche areas – “Standardisation is a killer for forwarding,” he said.
WorldACD data for September ...

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A wind of change as reliance on China eases, with G2G the next challenge

Charlotte Goldstone — Thu, 09 Nov 2023 12:28:40 +0000

A drive to diversify sourcing – and a booming worldwide e-commerce sector – is set to shake up globalisation and see new tradelanes develop.
“It has been ‘China to Global’ (C2G) – but the next challenge is Global to Global (G2G),” explained Yossi Shoukroun, CEO of Challenge Group.
“E-commerce is facing changes; production/origin is moving to South-east Asia, South and North Africa, India and Bangladesh; and China is starting to consume as ...

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