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
TAC Index
Global air cargo volume sits on a ‘relative high’ at year-end
Despite a not so traditional peak season for air cargo in the last quarter of 2020, the year ended on a ‘relative high’ in December with the first positive year-on-year growth in weekly volume in over 12 months, according to the latest statistics from CLIVE Data Services and TAC Index. “For an industry looking for every glimmer of positivity, December’s data provided some modest growth indicators,” said Niall van de Wouw, managing director of CLIVE Data Services. “December’s performance … [Read more...] about Global air cargo volume sits on a ‘relative high’ at year-end
Air cargo demand stalls in November
The peak was not the peak season that was hoped for in November as air cargo demand fell 1 percentage point year-over-year. Air cargo saw the first decline since the road to recovery started six months ago, according to the latest industry statistics from analysts CLIVE Data Services and TAC Index. From a low of -37 percent in April, the gap in year-on-year air cargo volumes has been steadily closing in the subsequent months to the end of October, when margin versus 2019 volumes had reduced … [Read more...] about Air cargo demand stalls in November
John Peyton Burnett of TAC Index to join jury panel for 7th Payload Asia Awards
John Peyton Burnett comes from a long line of shipping and aviation professionals, who says he is “obsessed with indexing the air cargo market and other new products that can be developed as a result.” He is the founder and managing director of Hong Kong-based TAC Index, a leading provider of weekly pricing data for air freight specialists. TAC Index was formed in 2012, started publishing in 2016 and gained market … [Read more...] about John Peyton Burnett of TAC Index to join jury panel for 7th Payload Asia Awards
Global air cargo market continues uptrend in September
A record dynamic loadfactor and high airfreight rates on the world’s premier trade lanes in September showed the global air cargo market edging towards a sustainable recovery at the start of the traditional peak season, say leading industry analysts CLIVE Data Services and TAC Index. Chargeable weight in September rose 9 percentage points over last month, further narrowing the year-on-year gap to –15 percent. This is the fifth consecutive month of positive indicators since April 2020’s … [Read more...] about Global air cargo market continues uptrend in September
Global air cargo’s steady rally continues in August
Global air cargo was in its fourth straight month of growth in August as load factors jumped eight percentage points year on year, data from CLIVE Data Services and TAC Index showed. The whole month’s volume was down 17 percent from a year ago which was a far cry from the 41 percent decline seen in April, when demand started to rally. Air cargo volumes in the last week of August were four percent less than what were seen for the same period in 2019, putting off previous concerns of … [Read more...] about Global air cargo’s steady rally continues in August
