Airfreight rates to continue to rise despite easing demand?
The current easing of the airfreight market may only be a temporary blip and rates could rise further once lockdowns in China are lifted, according to Bruce Chan, senior analyst at investment bank Stifel. In the latest Baltic Exchange market round-up,
Disruption continues to hit air cargo as volumes drop again in April
The air cargo industry continues to be buffeted by a range of issues that resulted in volume declines deepening in April, according to figures from CLIVE Data Services. The Xeneta-owned data provider’s latest numbers show that air cargo volumes decline by
Air cargo continues to ramp up its use of digital booking
Airlines have been ramping up their digital booking offerings over the last few years in response to market volatility. A survey carried out by booking portal Freightos found that 46% of air cargo carriers now enable instant rate searches for quotes
EU to end cargo-in-the-cabin flights
The European Union Aviation Safety Agency (EASA) will put a stop to cargo-in-the-cabin flights beyond July 31. The use of the passenger cabin for cargo, known as cargo-in-the-cabin flights, have been operating since 2020, after the EASA issued approvals and exemptions
The effects of the war on air freight will be felt by consumers around the world
Looking at the market trends and possible challenges of 2022, industry experts have made various assumptions, but no one could have predicted that the industry would have to deal with something that Europe has not experienced for decades: active warfare. For
Logistics UK: War in Ukraine poses airfreight challenges
Access to both Ukrainian and Russian airspace is now minimal to non-existent for many countries across the globe due to the ongoing war in Ukraine. As a result, many flights are diverting south, but with some airspaces in the Middle East
Air cargo demand takes a hit in March but rates stay high
Air cargo volumes in March declined compared with a year earlier as the market was hit by the war in Ukraine, sanctions and lockdowns in China. The latest figures from CLIVE Data Services, which is part of the Xeneta rate benchmarking
Lufthansa Cargo: Ukraine crisis will cause 10% global capacity drop
Lufthansa Cargo expects global market capacity will be approximately 10% down as a result of the Ukraine invasion. Speaking at a press conference, Lufthansa Cargo chief executive Dorothea von Boxberg said this is because of restrictions for global fleets. Russian carriers
Air cargo has a “long way to go” on sustainability as resources remain scarce
Air cargo supply chain companies are ramping up their focus on sustainability but there is a “long way to go” as resources remain scarce, according to TIACA’s latest sustainability survey. The latest annual TIACA Air Cargo Industry Sustainability Survey, organized in
Supply chain costs to rise as Ukraine crisis bites
Freight forwarders are warning of higher supply chain costs as the impact of the invasion of Ukraine disrupts transportation operations. The forwarding sector said the airspace restrictions imposed by Russia, European states, Canada, the UK and in North America were forcing