Asia Pacific’s airlines saw demand for international air cargo rise 10.5 percent in February compared to the same month in 2019 according to the latest data from International Air Transport Association (IATA). As the main global manufacturing hub, the region has benefited from the pickup in economic activity. IATA said demand in the majority of the region’s key international trade lanes has returned to pre-Covid-19 levels. International capacity remained constrained in the region, down … [Read more...] about IATA: Asia Pacific air cargo demand up 10.5 percent in Feb
ANALYSIS
March: What’s dampening air cargo’s recovery?
After some form of recovery to pre-pandemic levels in the first two months of the year, global volumes for the four full weeks of March 2021 were unable to continue the recovery seen in January and February, according to latest data from CLIVE Data Services and TAC Index. Volumes dropped 3 percent during these weeks and worsened towards the end of the month, sliding 4 percent week on week relative to the start of the month. Nonetheless, CLIVE Data says the air cargo market is in far better … [Read more...] about March: What’s dampening air cargo’s recovery?
Air freight rates jump in week 8 as Asia rebounds post-CNY
Asia Pacific is gaining momentum after a slow start post-CNY, as air cargo volumes from the region jumped 21 percent week-over-week, according to the latest data from WorldACD. In week 8 of 2021, worldwide volume went up 8 percent versus week 7, whilst worldwide capacity increased 7 percent. Central & South America was the only origin region that showed a drop in volume during week 8 (down 1 percent from week 7). WorldACD, which publishes weekly data based on 250,000 transactions from … [Read more...] about Air freight rates jump in week 8 as Asia rebounds post-CNY
Air cargo volume back to pre-Covid levels after 10 months
Air cargo volumes have recovered to pre-Covid volume levels in February, perhaps an unprecedented feat in just 10 months, according to latest data from industry analysts CLIVE Data Services and TAC Index. For the four weeks of February, chargeable weight was down 1 percent compared to February 2019 and up 2 percent compared to the same month last year. This was a far cry from the April 2020 volume which was down 39 percent. “Who would have thought that possible inside 10 months? It’s a … [Read more...] about Air cargo volume back to pre-Covid levels after 10 months
Report shows hot spots for cargo theft in Asia
India, Indonesia, China, and Bangladesh topped the list of hot spots for cargo theft incidents, according to the latest Cargo Theft Report 2021 by supply chain intelligence firm BSI and insurer TT Club. The report, which highlighted the relative shift in the location of thefts, found that in-transit incidents and those involving vehicles are still the dominant threat globally although the proportion of incidents declined from 87 percent in 2019 to 71 percent in 2020. Meanwhile, theft from … [Read more...] about Report shows hot spots for cargo theft in Asia
Air cargo volumes stayed flat in January
Worldwide air cargo volumes remained flat in January, reflecting the first month there was no year-on-year drop since the start of the pandemic (and even way before that), according to WorldACD’s latest report. Worldwide rates per kilogram were 75 percent higher year on year, but dropped 8 percent lower than those recorded in December. Load factors in January slipped 2 percent points from the previous month but up 17 percentage points from January 2020, as capacity dropped 28 26 percentage … [Read more...] about Air cargo volumes stayed flat in January
