Data analytics company Spire Global and air cargo rates data provider TAC Index have teamed up to give a better view on available cargo capacity on different routes.
The two have announced a strategic partnership to launch TAC Space, which will offer insights on total tonnage or volume available on any airport, country or region pairing (or any permutation of the above), according to TAC Index’s managing director, John Peyton Burnett.
“Air cargo has historically lacked transparency and near-term data, making risk management, contract negotiation, and performance bench-marking notoriously difficult,” explained Burnett, adding that this can be leveraged alongside the current TAC Index product suite, which includes its air cargo pricing index product.
The beta release is expected to be launched within the quarter and will provide insights based on live tracking of global air cargo supply coupled with market data, creating a ‘unique series of data sets’ to help decision makers active in air cargo markets.
TAC Space will initially launch on TAC Freight and BAI routes but can expand quickly for all routes, noted Burnett.
“Satellite-based data from Spire combined with TAC Index’s cutting edge data science will provide a new view into global trade. We are excited to work with TAC Index to make global air cargo transparency a reality,” said Dr. Shay Har-Noy, general manager of Spire Aviation.
“Just a few years ago this sort of product was out of reach, but now with Spire’s cost effective LEMUR ADS-B constellation and analysis-ready APIs, we’re able to stream tens of millions of data points about global air traffic every single day,” Dr. Har-Noy added.
Users who want access to the beta (closed/open) release for a limited period can contact TAC Index via the website.