airfreight market rates

Air cargo fell 17% in August, World ACD says

Staring staight at the nose of a 747 cargo jet under a bright sky with white clouds.

Global air cargo volume last week increased 3% while capacity remained flat, according to World ACD, a supplier of comparative market data.

The weekly snapshot underscores the trend since April of steadily improving cargo demand after the initial economic shock from the coronavirus outbreak and severely limited transportation space. Volume growth is expected to take off again with high demand for holiday merchandise, e-commerce and COVID medical supplies.

World ACD said demand in August fell...

https://s29755.pcdn.co/news/air-cargo-fell-17-in-august-world-acd-says

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

Several regions experience air cargo lull ahead of peak season

Cargo door open with a container resting in the hold of a Virgin Atlantic plane.

The rate pause for airfreight is in its third week and spreading beyond the China market, but industry experts expect spot rates to rise again in September as the peak shipping season kicks into high gear.

The per-kilogram price to ship from China to the U.S. fell 7.9% to start last week, with the rate from Shanghai down 10.7% and from Hong Kong down 5.4%. The price drop was greater than the prior week and included exports from Hong Kong this time, according to The Air Freight Index Co.

Airfreight...

https://s29755.pcdn.co/news/several-air-cargo-markets-experience-lull-ahead-of-peak-season

Air Cargo Market Report: China rate rebound takes a breather

A large shipment tied down on a pallet that is sitting by the engine of a large aircraft, with a bright blue sky in the background. Air cargo prices are 60% higher this year.

Airfreight rates to the U.S. plateaued in mid-August after rising for more than a month, influenced by a drop in demand from South China and passenger airlines temporarily adding more capacity. Still, finding affordable air transport in Southeast Asia, writ large, is difficult.

The dip freight activity isn’t expected to last long as retailers gin up shipments for the peak season buildup to the holidays. 

Shippers paid $0.02 cents less per kilo for air transport from China to the U.S., with a...

https://s29755.pcdn.co/news/air-cargo-market-report-china-rate-rebound-takes-a-breather

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

Atlas Air capitalizes on transport shortages for big Q2 profit gain

Atlas Air 747 freighters parked under a dark sky. Atlas Air announced a large Q2 profit.

Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) on Thursday reported that revenues in the second quarter jumped 24.3% from the same period in 2019 to $825.3 million, significantly pushing up adjusted net income as the all-cargo operator cashed in on the extreme demand for pandemic relief supplies and high freight rates.

A significant shortage of global air cargo capacity resulting from airlines withdrawing passenger flights during the coronavirus crisis resulted in higher utilization of Atlas’...

https://s29755.pcdn.co/news/atlas-air-capitalizes-on-transport-shortages-for-big-q2-profit-gain

Airfreight rates expected to shoot up by September

A white and red Austrian Airlines plane, viewed from the side on a sunny day. The reduced number of passenger planes in the skies has reduced space for carrying cargo.

Stability in the airfreight market may be short-lived, with outbound China rates rising this month and big high-tech product launches poised to soak up cargo aircraft in several weeks. That could pinch some shippers that currently view air transport as a refuge from unreliable and expensive ocean shipping, freight transportation specialists say.

The price of shipping by air has dropped about 70% since the spring, when capacity shortages were rampant because of surging medical-supply orders, but...

https://s29755.pcdn.co/news/airfreight-rates-expected-to-shoot-up-by-september

Airline 1H cargo revenues grew despite drop in volume

Cargo pallets on a lift platform being loaded in the side of a large plane. Airlines carried fewer loads in the first six months, but made more money because they could charge much more.

Air cargo throughput shrank more than 18% in the first half of 2020, but revenue from airline cargo operations grew almost 21% because the scarcity of available aircraft led to significantly higher rates, according to data compiled by World ACD.

The figures dovetail with a June estimate from the International Air Transport Association that global cargo revenues will increase $8 billion from last year despite a 16.8% decrease in tonnage associated with decreased economic activity caused by the...

https://s29755.pcdn.co/news/airline-1h-cargo-revenues-grew-despite-drop-in-volume

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