Global air cargo demand showed no signs of slowing down in November as volumes recorded a 13th consecutive month of double-digit growth and load factors hit their highest level since April 2022, according to the latest market analysis by Xeneta. Demand rose +10% year-on-year in November, fuelled by the continued boom in e-commerce. This, coupled with only a marginal +2% growth in air cargo capacity, contributed to global air cargo spot rates (valid for one month) also reaching their highest … [Read more...] about Xeneta: 2024 a ‘peak season to be proud of’ as air cargo industry continues to manage strong demand growth
Xeneta
Xeneta report: Market maturity navigates disruptions, puts air cargo on ‘final approach’ to double-digit demand growth in 2024
Not even zero growth in November and December can disrupt the global air cargo market from landing a year of unexpected double-digit demand growth in 2024. Healthy volumes of +11% in October and spot rates up +19% year-on-year reflected the growing maturity and balance among buyers and sellers of air cargo capacity, according to the latest market data by Xeneta. A year of constant, unexpected disruptions outside of the industry’s control – which began with a growth forecast as per October 2023 … [Read more...] about Xeneta report: Market maturity navigates disruptions, puts air cargo on ‘final approach’ to double-digit demand growth in 2024
Xeneta: Summer provides perfect ‘warm up act’ as the global air cargo market heads towards hotly anticipated Q4 peak
The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year growth of +24%, according to the latest weekly analysis by Xeneta. Global average air cargo spot rates of USD 2.68 per kg in August were boosted by continuing supply and demand imbalance. August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising … [Read more...] about Xeneta: Summer provides perfect ‘warm up act’ as the global air cargo market heads towards hotly anticipated Q4 peak
Xeneta reports resilient air cargo market despite July IT outage
The quick recovery of July’s global IT outage produced no significant ongoing disruption to resurgent air cargo demand, with rates rising for a sixth consecutive month, according to the latest market analysis by Xeneta. Global average air cargo spot rates reached USD 2.66 per kg in July, +20% higher year-on-year. This was again driven by strong global cargo demand growth. July volumes rose +13% year-on-year, thanks to buoyant e-commerce demand from Asia as well as the comparatively low demand … [Read more...] about Xeneta reports resilient air cargo market despite July IT outage
Global volumes rise again in June as market indicates a ‘hot’ Q4 for air cargo rates, says Xeneta
The global air cargo market is heading towards a ‘hot Q4’ of rate increases after a sixth straight month of double-digit growth in June, with a warning that shippers and forwarders ill-prepared for this year’s peak season may find themselves ‘at the mercy of the market,’ according to the latest analysis by Xeneta. Demand in June, measured in chargeable weight, was +13% year-on-year, continuing the upward trend seen throughout the first half of 2024. In contrast, cargo supply grew at its slowest … [Read more...] about Global volumes rise again in June as market indicates a ‘hot’ Q4 for air cargo rates, says Xeneta
Air cargo’s 2022 ends with less demand, lower rates
2022 wrapped up with less demand and lower rates for the industry as air cargo volumes declined for the 10th consecutive month in December, falling 8 percent year on year and down 13 percent compared to 2019, according to the latest air freight data from Xeneta. Available capacity meanwhile recovered to 93 percent of the 2019 level. CLIVE’s ‘dynamic load factor,’ which provides a 'true indication of market performance' based on the volume and weight perspectives of cargo flown and capacity … [Read more...] about Air cargo’s 2022 ends with less demand, lower rates
