Worldwide air cargo demand and pricing have stayed strong throughout August, with tonnages up +10%, year on year (YoY), and rates +12% above last year’s levels
As the industry heads into the peak season for airfreight, cargo owners are facing challenges to securing capacity out of Asia.
The US logistics manager's index was 56.4 in August, down slightly from July's 56.5. The overall index has increased for nine months in a row.
Air cargo spot rates were sky high in August as demand and capacity imbalances continued, flanked by additional e-commerce and Red Sea shipping disruption-related demand.
China is bracing for the arrival of ‘Super Typhoon’ Yagi, expected to be the strongest storm to hit the country in nearly a decade.
It takes great skill in managing assets and planning long term to succeed as an ocean freight carrier. New ships are expensive, take several years to build and sail for decades.
The transatlantic airfreight lane will have much less capacity from September due to the winter season and shifting of capacity to the Asia-Europe trade lane.
Strong air cargo demand continued in July from all of the main global origin regions, including double-digit year-on-year
The transatlantic airfreight lane will have much less capacity from September due to the winter season and shifting of capacity to the Asia-Europe trade lane.
Logistics professionals and analysts expect the air cargo market’s remarkably strong first half to build momentum during the final months of the year
Air cargo tonnages from Asia Pacific have rebounded strongly in the last full week of August after dipping sharply the previous week due to flight cancellations resulting...
The report also highlights the impact that increased air freight has had on emissions, noting that “the green transition in air cargo still has a long way to go”.
ALS