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
ANALYSIS
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
May cargo volume dip raises question on market recovery
Continued market uncertainties and (extended) public holidays contributed to a -4% drop in global air cargo demand in May 2021 versus the pre-Covid level in 2019, according to the latest industry volume, load factor and rates analysis by CLIVE Data Services and TAC Index. To offer a meaningful perspective of the air cargo industry’s performance, CLIVE Data Services is continuing to focus on comparing the current state of the market to pre-Covid 2019 volume, cargo capacity and load factor data … [Read more...] about May cargo volume dip raises question on market recovery
IATA: Asia Pacific air cargo demand up 10.5 percent in Feb
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
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?
