2022 wrapped up with less demand and lower rates for the industry as air cargo volumes declined for the 10th consecutive month in December, falling 8 percent year on year and down 13 percent compared to 2019, according to the latest air freight data from Xeneta. Available capacity meanwhile recovered to 93 percent of the 2019 level. CLIVE’s ‘dynamic load factor,’ which provides a 'true indication of market performance' based on the volume and weight perspectives of cargo flown and capacity … [Read more...] about Air cargo’s 2022 ends with less demand, lower rates
ANALYSIS
AAPA: Air cargo demand up almost a quarter in September
Press release Preliminary September 2021 traffic figures released this week by the Association of Asia Pacific Airlines (AAPA) revealed yet another month of severe weakness in international air passenger demand, whereas international air cargo markets continued to strengthen on the back of growth in demand. For the month, the region’s airlines carried a combined total of 1.2 million international passengers, representing 4.1% of the 30 million recorded in the same month of 2019. The … [Read more...] about AAPA: Air cargo demand up almost a quarter in September
Peyton Burnett on TAC Index new routes, developments
TAC Index recently added India to its growing list of air freight rate indices as it takes on a wider coverage for interested and concerned air cargo parties. Payload Asia got a chance to talk to managing director Peyton Burnett almost a month ago as he shared details on the newly published routes as well as the fixable nuisances that are all part of providing reliable data for stakeholders in the air freight industry. Can you explain why these four new routes (or perhaps at least one) have … [Read more...] about Peyton Burnett on TAC Index new routes, developments
TAC Index adds India to air freight rate indices
After announcing 4 new routes in 19 July, TAC Index is adding the publication of two new outbound indices covering major markets from India to USA and Europe. John Peyton Burnett, managing director of TAC Index, said market indexation will add true 'price discovery' to concerned air cargo parties. TAC Index data is mainly gathered from raw transactional freight forwarder rates, whilst supplemental airline data is used for quality control purposes, the company noted. A month ago, the company … [Read more...] about TAC Index adds India to air freight rate indices
IATA: Cargo posts strongest first-half growth in 4 years
The latest half-year cargo figures from International Air Transport Association (IATA) revealed 8 percent growth versus the air cargo market performance recorded in the first half of 2019 before the pandemic. This marked the strongest first-half performance since 2017 when the industry posted 10.2 percent year-on-year growth. The month of June played critical to the strong half-year performance as global demand, measured in cargo tonne-kilometers (CTKs), was up 9.9 percent compared to June … [Read more...] about IATA: Cargo posts strongest first-half growth in 4 years
TAC Index platform introduces four new trade routes
Air freight rate data provider TAC Index has added several new important routes to its growing list of air cargo indices, a press release confirmed. The newly launched routes include Vietnam to Europe, US to China, US to South America and US to Europe, which would provide significant data and insights for any party interested in air cargo. TAC Index says its route indices, based primarily on raw transaction data from freight forwarders, are now starting to incorporate further data points … [Read more...] about TAC Index platform introduces four new trade routes