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Posts tagged with "air freight"

High airfreight rates to stay amid capacity squeeze, coming vaccine

High airfreight rates to stay amid capacity squeeze, coming vaccine

Nov. 27 | Airfreight space is improving but will remain tight until belly capacity in passenger aircraft returns to normal, according to Philippine Multimodal Transport and Logistics Association, Inc. (PMTLAI) president Marilyn Alberto As of August, aircraft...

Global air cargo recovery continues in Sep, capacity still tight

Global air cargo recovery continues in Sep, capacity still tight

Nov. 7 | Global air cargo demand was down 8% in September year-on-year, but is better than the 12.1% year-on-year drop recorded in August Global capacity shrank 25.2% from September last year, nearly three times the contraction in demand and indicating a severe...

Global freight forwarding market to contract 10.2% this year

Global freight forwarding market to contract 10.2% this year

Oct. 3 | The global freight forwarding market will shrink by 10.2% in 2020 year-on-year, the worst fall since the financial crisis, according to the latest market projections by Transport Intelligence (Ti). The market contracted by 11.6% in the first half year-over-year...

Air freight volume down 17% in Aug, 22% since March

Air freight volume down 17% in Aug, 22% since March

Sep. 24 | Worldwide air cargo volume carried by airlines dropped 17.2% and the number of shipments fell 29% in August year-over-year, according to the latest WorldACD market data. From March 2020 up to August, volume declined by 22% and the number of shipments...

July air cargo demand stable but capacity gap remains—IATA

July air cargo demand stable but capacity gap remains—IATA

Sep. 2 | Global air freight traffic in July remained stable but below 2019 levels as severe lack of capacity weighed on airlines’ ability to meet demand, according to International Air Transport Association (IATA) data. While there is some month-to-month improvement,...

AAPA: review ‘crippling’ border restrictions to allow safe air travel

AAPA: review ‘crippling’ border restrictions to allow safe air travel

Aug. 31 | The Association of Asia Pacific Airlines (AAPA) has called on governments to reexamine existing border closures and restrictions, saying these measures have “completely suppressed” international travel demand since April 2020 to the detriment of the...

Air freight market improves but remains on a downtrend: ACI

Air freight market improves but remains on a downtrend: ACI

Aug. 30 | Airports around the world reported an improvement in air freight performance in June with year-over-year volumes declining -11.4% compared to -17.9% in May, according to Airports Council International (ACI) World. In the first six months of 2020, air...

Global air freight improves slightly in May vs April—ACI

Global air freight improves slightly in May vs April—ACI

Aug. 3 | Airports worldwide reported a slight improvement in freight traffic in May compared to April even as the COVID-19 pandemic continued to batter the sector, though less severely than it is doing to the devastated passenger industry, latest data from the...

Jan marks 10th straight month of global cargo decline; Changi volumes down 8.4%

Jan marks 10th straight month of global cargo decline; Changi volumes down 8.4%

Mar. 9 | Global air freight traffic decreased by 3.3% in January 2020 year-on-year, according to the International Air Transport Association (IATA). “January marked the tenth consecutive month of year-on-year declines in cargo volumes. The air cargo industry...

International air forwarders in PH lift 3.9% less cargo in 2019; Nippon leads

International air forwarders in PH lift 3.9% less cargo in 2019; Nippon leads

Mar. 3 | Cargo volume handled by international air freight forwarders in the Philippines dropped 3.9% in 2019 to 354.373 million kilograms (kg) from 368.737 million kg in 2018, preliminary data from the Civil Aeronautics Board (CAB) showed. Nippon Express Philippines...