The airfreight sector remains chaotic, but a better-than-expected August is spurring optimism for solid results during the busy shipping season.
The air cargo market continues to lose altitude in the face of an overall economic slowdown and supply chain dislocations. Whether swiftly changing conditions enable airlines’ cargo business to swing it back to positive territory this summer is an open question. Air freight volumes tumbled 7% in May versus 2021, replicating April’s slide, as the […]
Air transport is usually the mode of last resort because it is expensive. The pandemic has turned that thinking upside down.
Freightos has set up an index to track a basket of prices for airfreight, just like it did with its ocean shipping index.
There has never been more attention paid to freight transportation than what we are experiencing now. And like the Wall Street Bets crowd on Reddit, our industry loves talking about the direction of the market. While FreightWaves and other industry publications have always talked about freight rates, mainstream media is getting into the game. This […]
The Upside Down is a parallel universe inhabited by the Demogorgon in the Netflix series “Stranger Things.” In the real world, shippers that don’t want to get eaten by ocean carriers are fleeing to air cargo.
Airfreight markets are topsy-turvy in the COVID era, but importers and exporters can count on one thing: paying two to three times normal rates. CFOs will have to increase their transport budgets if they want goods to move quickly.
Uncertain vaccine rollouts and mutant COVID-19 strains are messing up airline industry hopes for a second-half recovery this year. At best, traffic will be half that of 2019. But, at least, airlines can count on cargo shipments.
If you can’t rent an entire cargo plane for yourself, you might have trouble finding space on an aircraft to make an international shipment.
The airfreight sector is nursing itself back to health and should be discharged from intensive care by April. Find out why.
The air cargo market is doing much better than passenger business for airlines. It could reach equilibrium, following the pandemic shock, in the next few months.
New data shows cargo continued to rebound in October thanks to strong North American market and economic fundamentals. By next year, the air cargo market will be back to 2019 levels, while the passenger sector struggles to survive.
The London-based maritime market data provider will offer subscribers airfreight indices via partnership with TAC.
With passenger planes all but out of commission earlier this year – and still lagging considerably in the fourth quarter – shippers had significantly fewer options for moving their products across the world.
Good luck finding an available aircraft to haul your goods at a reasonable price for the next three months. Competition for airlift is fierce these days. Find out why.
Air cargo capacity is tight out of key areas in Southeast Asia, but Chinese exporters enjoyed a week of flat to lower rates as supply exceeded demand
Companies that need to move goods by air will need to increase their transportation budgets to get through the fourth quarter as low capacity ignites airfreight prices.
Price inflation has tapered off for many – not all – air cargo markets during the second half of August. Shippers shouldn’t get used to it.
Airfreight exports from China slowed a bit in mid-August, allowing shippers to take back a tiny bit of pricing before rates shoot up for the next few months in as retailers build inventory for the holidays.
Several passenger airlines have proven that cargo can be lucrative business during a pandemic with little travel. American Airlines quickly built a dedicated cargo operation but is now throwing more resources at the business as market conditions improve.
Shipping by air got much more expensive when the coronavirus pandemic exploded in March. After moderating earlier this summer, another price spike is brewing.
Shipping goods by air is expensive, especially on the biggest trade lines from China. Rates are much higher than normal for this time of year, but they are heading up more with no end in sight.
Atlas Air Worldwide’s big cargo planes have been in flying full tilt since the novel coronavirus metastasized in March. Combine that with high rates and you’ll understand why r revenue and profit grew so much in the second quarter.
Airfreight rates from China are on the rise again. The rest of the world is more stable when it comes to air cargo. But China is driving much of the transport activity because of its export of face masks and other goods.
Airline industry officials are more pessimistic about a recovery after seeing a decline in consumer confidence and coronavirus surges in some countries. Cargo has more near-term upside, but June volumes were disappointing for carriers.
Airfreight looks like a haven for some ocean shippers that can’t find reliable, affordable transportation, but it probably won’t be that way for long because more businesses will need to move goods by air in the coming months and there aren’t enough planes.
The global airfreight market contracted during the first six months of 2020, but airlines made much more money from cargo than last year, according to World ACD.
vailable cargo space on outbound aircraft from China is starting to become scarce again. Shippers better hurry to lock up reservations for the late summer and peak season.
The FAA’s ruling allowing airlines to jam more cargo in the cabin by removing passenger seats may be a pyrrhic victory. The incentive to do so may have passed.
The air cargo market is getting closer to equilibrium, but the coronavirus is a wild card that could disrupt economic activity and put a premium on air transport again.
The air freight market appears saner in recent weeks, with less competition among shippers for transport services. But the shape of the recovery is anyone’s guess and a possible demand spike for face masks and surgical gowns could create a hyper-market again.
Face shields, gloves and hand sanitizer were yesterday’s hot airfreight product. Now the cool shipments that people need right away are yoga pants, bikes and hot tubs.
It’s still a seller’s market in airfreight, but rates are finally moderating.
Airlines continue to send out SOS distress signals. The industry’s main trade association says profit margins will drop 20% this year, but the increased reliance on air cargo is helping companies stay alive and keep employees.
Shanghai Pudong Airport is getting crushed by heavy cargo volumes. Add to the mix a lot of red tape for export clearance and shipments are experiencing long delays and missed flights.
The February downturn in air cargo volumes presages even worse performance in the coming months, according to analysts.
Importers and exporters can expect shipping delays and skyrocketing transportation budgets associated with the logistics challenges in China associated with the coronavirus in China. But there are steps companies can take to minimize the damage to customers and their bottom lines.
