air cargo market outlook

Air cargo 2021: The good, the bad and the ugly

A white and green plane loading pallets of cargo through side door.

The air cargo industry has officially recovered from the depths of the pandemic, with volumes in January 1.1% above the 2019 level. The bad news, according to the International Air Transport Association, is that freight capacity lost ground for the first time since April, dropping 5% on a monthly basis, because passenger airlines pulled back on flight activity in response to COVID outbreaks and widespread travel restrictions.

The amount of available airlift for cargo in January was 19.5% less...

https://www.freightwaves.com/news/air-cargo-2021-the-good-the-bad-and-the-ugly

Transport buyers dig deeper into wallets for air cargo

A 747 jumbo jet with white paint and light blue accents with the word CARGO on the side.

Air cargo rates are climbing sharply again, especially for shipments via Asia, after the slowdown for the recent Chinese New Year holiday was more muted than usual. And there is little prospect for price relief the rest of the year, analysts say, with the supply of large, intercontinental aircraft still far below pre-pandemic levels and ocean capacity oversubscribed.

Market watchers describe conditions for air shipments as volatile. COVID-19 has changed life and economic conditions so much that...

https://s29755.pcdn.co/news/transport-buyers-dig-deeper-into-wallets-for-air-cargo

Asia airfreight rates are high and climbing higher

Pallets of humanitarian cargo sit outside next to a big plane waiting to be loaded on a sunny day.

After a three-week lull, prices for air exports from China have turned noticeably upward, a trend most international trade professionals expect will continue through the end of the year as the traditional peak shipping season overlaps with high demand for coronavirus medical supplies and major product releases from big tech companies.

Outbound spot rates from China to Europe and the U.S. increased in the last week of August, highlighted by a  10.8% increase in the Shanghai-Europe market and an...

https://s29755.pcdn.co/news/asia-airfreight-rates-are-high-and-climbing-higher

Air Cargo Market: Brace for big rate hikes

Cargo loading on a big jet as viewed from behind the tail, close up.

The air cargo market is building up pricing momentum towards the fourth quarter, putting all-cargo carriers and airlines with cargo-only passenger freighters in a strong position relative to shippers.  

Freight rates have climbed since early July with the slow return of international passenger capacity combined with consistent growth in cargo shipments as the global economy, notably in China, continues to recover from coronavirus.

Export demand to the U.S. is very high, as is traffic from...

https://s29755.pcdn.co/news/air-cargo-market-brace-for-big-rate-hikes

Pressure on air cargo rates from China keeps increasing

A white FedEx cargo jet flanked by large trucks. The air cargo market is volatile this summer and prices are heading up on key lanes.

Outbound airfreight rates from China continued to rise for the fifth consecutive week, with pricing the strongest out of Shanghai as shipments increased for electronics, e-commerce orders, and hospital gear.

The pricing trend is good for carriers. But it means higher costs for cargo owners, especially with a large amount of all-cargo capacity already committed to big gadget launches from Sony, Apple and Samsung in the next couple months. There also is uncertainty about how many aircraft...

https://www.freightwaves.com/news/pressure-on-air-cargo-rates-from-china-keeps-increasing

Virus slows airlines from adding capacity, airfreight volatility increases

Pallets of freight offloaded an Emirates 777 passenger plane onto a hydraulic lift. The use of passenger planes as freighters is dictated by strong market economics.

The outlook for economic recovery and better health for airlines is more pessimistic and that’s bad news for manufacturers and other shippers seeing input costs rise due to higher transport prices in the COVID era.

Passenger airlines are reporting huge second-quarter losses, terminating employees and slowing the reintroduction of flights as the coronavirus flares up. Fewer flights means fewer transport options for shippers already facing a supply shortage, but full-freighter operators – and freig...

https://s29755.pcdn.co/news/virus-slows-airlines-from-adding-capacity-increasing-airfreight-volatility

Market watch: Air cargo frenzy dies down

Cargo on pallets waiting to get loaded on a plane.

The white-knuckle ride through the airfreight market stratosphere has ended as prices continued to fall back toward earth again last week, bringing relief to companies that purchase air transport to move their goods.

The change in conditions is best illustrated by export flows from China to the U.S. and Europe, where air rates have tumbled more than 60%, from $15 to $20 per kilogram at one point, to under $10 per kilogram, as panic-buying for personal protective equipment (PPE) gives way to...

https://s29755.pcdn.co/news/market-watch-air-cargo-frenzy-dies-down

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.