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
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
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
New air cargo tool to offer granular view into capacity
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 … [Read more...] about New air cargo tool to offer granular view into capacity
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?
