Sea-air routes gain as bypass option for Red Sea shipping delays

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As major container shipping lines consistently bypass the Red Sea to avoid the threat of rebel...

https://www.freightwaves.com/news/sea-air-routes-gain-as-bypass-option-for-red-sea-shipping-delays

Air cargo’s Lunar New Year blues

Global airfreight weakness has worsened to start 2023 in the face of a global economic slowdown and the lack of a typical bounce around the Chinese New Year holiday. But there is cautious optimism that cross-border trade and demand for freight transportation could pick up in the second half of the year.

The International Air Transport Association (IATA) said last week that air shipment traffic slid 8% last year from record highs in 2021 and was 1.6% less than in 2019, a relatively weak year for...

https://www.freightwaves.com/news/air-cargos-lunar-new-year-blues

Los ejecutivos de la carga aérea están más nerviosos por el retroceso de los consumidores 

MIAMI – Los ejecutivos de las aerolíneas de carga aérea y de la logística han dado por perdido el tradicional repunte de la temporada alta en el negocio del transporte marítimo a medida que la economía mundial se desacelera, lo que les lleva a especular si las perspectivas mejorarán en algún momento de 2023.  

El creciente pesimismo, tras 18 meses de volúmenes e ingresos récord, se vio subrayado por los datos de la Asociación Internacional de Transporte Aéreo de la semana pasada, que mostraban...

https://www.freightwaves.com/news/los-ejecutivos-de-la-carga-aerea-estan-mas-nerviosos-por-el-retroceso-de-los-consumidores

Air cargo execs more nervous over consumer pullback

MIAMI — Air cargo airline and logistics executives have written off the traditional peak season bump in shipping business as the global economy decelerates, leaving them to speculate whether prospects will improve sometime in 2023.

The growing pessimism, following 18 months of record-setting volumes and revenues, was underscored by International Air Transport Association data last week showing a 10.7% decrease in cargo demand in September compared to the prior year. Continued contraction in...

https://www.freightwaves.com/news/air-cargo-execs-more-nervous-over-consumer-pullback

Air cargo peak season evaporates on low demand, high capacity

A container on a hydraulic lift being loaded through side door of a plane on a bright day.

It’s the time of year when retailers typically make their final push to ship goods from abroad in time for holiday shopping and freight rates are highest, but so far signs of peak season in air cargo are difficult to find. Instead, rates continue to slide as global economic clouds dampen demand and airlift supply rises with the recovery of passenger travel.

Air freight spot rates tumbled 9% year over year in September to below the 2021 level for the first time this year, Xeneta, an ocean and air...

https://www.freightwaves.com/news/air-cargo-peak-season-evaporates-on-low-demand-high-capacity

Sagging air cargo market shows turnaround potential

A large air freight container on a flat cart pulled by a tug.

New data shows the decline in air cargo business slowed in August, traditionally the weakest month for international carriage of goods by air, raising hopes the upcoming pre-holiday season will be busier than some previously expected amid external forces that are pulling the market in different directions.

The airfreight market last month contracted 5% year over year, and 4% compared to pre-pandemic levels, and shipping rates continued to float downward, following demand drops of 8% in June and...

https://www.freightwaves.com/news/sagging-air-cargo-market-shows-turnaround-potential

IATA chief accuses Europe of ‘greenwashing’ on aviation emissions

A jet being loaded with cargo and getting refueled at an airport.

A major trade group for global cargo and passenger airlines is calling on governments to do more to ensure increased production of sustainable aviation fuels (SAF), as well as the safe deployment of 5G telecommunications networks and carriage of lithium batteries on aircraft.

The International Air Transport Association issued the positions at its annual general meeting in Doha, Qatar, this week.

IATA said governments must quickly adopt large-scale incentives to spur the rapid expansion of...

https://www.freightwaves.com/news/iata-chief-accuses-europe-of-greenwashing-on-aviation-emissions

Air cargo market heads toward 2nd best year despite softening

An airport tug pulls a large cargo pallet in front of an American Airlines jet.

Air cargo business is slowing amid global macroeconomic pressures but 2022 is still shaping up as one of the industry’s strongest years ever with cargo revenues nearly double those before the pandemic, the International Air Transport Association said Monday. The cargo forecast was part of an upgraded outlook showing that the industry is inching closer to profitability in 2023 as passenger demand finally kicks into full gear.

The largest airline trade association said it expects cargo to continue...

https://www.freightwaves.com/news/air-cargo-market-heads-toward-2nd-best-year-despite-softening

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