Ocean and air freight rate benchmarking and market analytics platform Xeneta has acquired Amsterdam-based CLIVE Data Services in a partnership that looks to offer a more comprehensive view into the global ocean and air freight markets. Niall van de Wouw, co-founder of CLIVE Data Services, will join Xeneta as chief air freight officer. The move comes at a time of heightened demand for timely shipment data amidst supply chain disruptions and cargo delays. Seven months back Xeneta revealed plans … [Read more...] about Clive’s van de Wouw joins Xeneta as air freight chief
air freight rates
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
WHO faces ‘outrageous’ air freight rates for vaccine-related shipments
The World Health Organisation’s logistics chief last week complained about “outrageous” airfreight charges for vaccine-related consignments as lack of capacity has driven prices up amidst the pre-holiday rush. Paul Molinaro, WHO chief of operations support and logistics, told Reuters that “across the board” increases in airfreight rates could make the movement of vaccines to emerging nations more difficult. He cited rates for the movement of dry ice needed to maintain vaccines at cold … [Read more...] about WHO faces ‘outrageous’ air freight rates for vaccine-related shipments
Air freight rates to remain weak: Drewry
UK-based shipping consultancy Drewry reported its East-West Air Freight Price Index declined by 1.1 points in June to a reading of 88.7, bringing the index down to its lowest level since it was first launched in May 2012. The Index fell fell below the US$2.90 per kg threshold for the first time with Drewry saying it expects pricing to remain week for the next few months. “Whereas the eastbound trans-Pacific has taken the brunt of pricing falls in recent months, June’s decline affected … [Read more...] about Air freight rates to remain weak: Drewry
Emirates Airline
Emirates Airline denied charges by Australian competition regulators that it agreed with other airlines to fix prices on international air cargo. Te Dubai-based airline said it denies the allegations and plans to defend itself in a court hearing next month. Emirates said it does not intend to make any further comments because of the ongoing legal proceedings. The Australian Competition and Consumer Commission alleges Emirates worked with carriers in Singapore, Indonesia, Hong Kong, the United … [Read more...] about Emirates Airline
