air cargo data

Strong air freight demand fighting tight capacity, pushing rates higher

European forwarders are reporting air freight rates hitting $10 per kg, and still climbing, as the peak season – boosted by distressed sea freight – continues.
As the UK becomes the latest European country to enter a four-week lockdown, mirroring Germany, France and Belgium among others, forwarders indicate that consumer demand will likely continue despite closed shops.
This is in part because of the scheduled end dates of the lockdowns at the …

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Capacity-constrained air cargo may be hit hard by peak season modal shift

Air freight has lost market share to ocean, a pattern common during downturns, but rare at the start of an economic upturn, said IATA today.
It notes that cheaper, slower sea freight becomes more attractive to shippers at the bottom of the cycle, but that air cargo rebounds when businesses need to rapidly refill inventories – but this has not happened.
As sea freight sees some of its highest prices, container lines …

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New ‘dashboard’ can help shippers find transport capacity and rate changes

If you are looking for free, accurate and up-to-the-minute data on transport capacity and rate changes, it’s now possible.
Xeneta and Zencargo have launched a free collaborative dashboard to help companies track trends, as Covid continues to up-end planning.
The supply chain recovery dashboard reveals up-to-date shipping rates, pricing trends, lead times and capacity, for major lanes and modes. Xeneta and Air Nav will provide the data and insights, while Zencargo built …

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https://theloadstar.com/new-dashboard-can-help-shippers-find-transport-capacity-and-rate-changes/

Fears air freight rates may soar even higher as tech launches loom

Air freight rates could see further increases as forwarders report an up-to-four-week wait for ocean freight bookings from China to Europe.
While transpacific ocean freight is enjoying more capacity, the westbound trade is expected to get “a lot, lot worse”, which could cause a knock-on effect in air freight as frustrated shippers look to move goods faster.
Air prices have been rising for the past fortnight and there are concerns among shippers …

The post Fears air freight rates may soar even...

https://theloadstar.com/fears-air-freight-rates-may-soar-even-higher-as-tech-launches-loom/