TAC Index

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

Freightos takes on TAC with new airfreight index

Screen shot of a computer display with commodity prices going up.

Online market Freightos, a global freight booking platform, has added a benchmark pricing index for airfreight alongside its daily composite of 40-foot container shipping rates known as the Freightos Baltic Index.

The weekly product, based on real-time transactional air cargo data, is a direct challenge to the Hong Kong-based TAC Index, the primary conduit for tracking aggregated pricing movement in the industry for several years.

The extreme volatility of air cargo rates and tight supply of...

https://www.freightwaves.com/news/freightos-takes-on-tac-with-new-airfreight-index

Baltic Exchange enters airfreight market with pricing index

Baltic Exchange

The Baltic Exchange, a centuries-old provider of maritime market information, has turned its attention to the sky by entering a partnership with air cargo pricing publisher TAC Index.

The London-based exchange will generate six outbound airfreight indices and 17 individual destinations, which will be offered under the Baltic Air Freight Index (BAI). TAC, based in Hong Kong, will keep these indices current.

The BEI indices will be priced in U.S. dollars per kilogram of freight and cover the key...

https://www.freightwaves.com/news/baltic-exchange-enters-airfreight-market-with-pricing-index

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

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/

Sea-air services make a comeback, but volatility and uncertainty lurk

The sea-air business via Dubai and Singapore is back up and running, as air freight rates continue to stabilise.
Aeromar Sea Air, which suspended its business in March when air freight rates skyrocketed in Asia as passenger aircraft stopped flying, said it was re-introducing services.
“We still have some limits on capacity, but there is enough to offer a professional service; so we are back,” said managing director Nick Coverdale.
“Rates are stable, …

The post Sea-air services make a comeback,...

https://theloadstar.com/sea-air-services-make-a-comeback-but-volatility-and-uncertainty-lurk/

Baltic Exchange Partners With TAC Index And Moves Into Air Cargo Market

Baltic Exchange Partners With TAC Index And Moves Into Air Cargo Market

EU authorised benchmark administrator the Baltic Exchange has partnered with air cargo pricing publisher TAC Index Company of Hong Kong. The Baltic Exchange and TAC will provide new regional general air cargo rate assessments. TAC’s Regional General Air Cargo Indices will be rebranded as the Baltic Air Freight Index (BAF Index) powered by TAC Index and come under the governance of Baltic Exchange Information Services Limited (BEISL). TAC Index will act as the Calculating Agent.

TAC Index...

https://www.marineinsight.com/shipping-news/baltic-exchange-partners-with-tac-index-and-moves-into-air-cargo-market/