2018 starts with strong demand – what about Chinese New Year?

As we always point out at this time of year, air freight demand growth statistics for January must be treated with considerable skepticism. The variable timing of the Chinese New Year holiday can push traffic that would normally move in January to February, or vice versa. Therefore, it makes sense to wait for the February […]
  • David Harris
  • February 15, 2018

Specialty products drive 2017 volume growth at AirBridge

Russia-based AirBridgeCargo Airlines (ABC), the scheduled-service subsidiary of Volga-Dnepr Group,  reported total tonnage up 13% in 2017 to “more than 700,000 tonnes.” This is well down from the more-than-20% growth the carrier has reported in the last three years, but stronger than the industry average. In terms of cargo traffic (in freight tonne kilometers), AirBridge […]
  • David Harris
  • January 24, 2018

Record-breaking cargo volume in November

Two weeks ago, when we reported the strong air freight data posted by several of the big cargo carriers and airports in November, we predicted that WorldACD and IATA would show worldwide year-over-year air freight demand growth close to double digits for the month. We will have to wait for IATA, but WorldACD published its […]
  • David Harris
  • January 3, 2018

No drop in rates as 2017 ends

In early December, online freight pricing platform Freightos warned shippers that, for the first time in at least ten years, they might have to bear “sky-high air rates” for the remainder of the year to get their shipments loaded. Freightos WebCargo’s CEO Manel Galindo added that the capacity crunch in Europe had “triggered holiday-season auctions, […]
  • David Harris
  • December 28, 2017

A November to remember

While demand for air freight remained strong in September and October, the year-over-year rate of demand growth began to fall from the double-digit heights achieved in the first eight months of the year as the tougher comparisons of late 2016 began to kick in. But despite the solid demand growth in November 2016, early reports […]
  • David Harris
  • December 19, 2017

Shanghai joins the 4-million-tonne club

Until now, only two cities in the world – Hong Kong and Memphis – could boast that their airports handled more than 4 million tonnes of air cargo per year. But, according to the Shanghai Airport Authority, as of today, 15 December, Shanghai joined the 4-million-tonne club.] Unlike Hong Kong and Memphis, which only have […]
  • David Harris
  • December 15, 2017

Peak season air freight rates, how high will they go?

Air freight rates on major east-west routes fluctuate month-to-month, and for the year 2017 reached their highest levels yet in October. After a pronounced slide following the end of 2016’s peak, rates were relatively stable until September, when prices began picking up ahead of peak season. Although aggregate data is not yet available for November, […]
  • Charles Kauffman
  • December 6, 2017

Korean Air Cargo reports traffic, yields up significantly in Q317

Incheon-headquartered Korean Air Cargo reported Q317 cargo yields (in US$) up 12.3% y-o-y, on traffic that was 7.5% higher. Capacity rose 4.3% during the same period, pushing load factors up 2.4 points, to 78%. Overall tonnage rose 10%, driven primarily by higher international traffic. Outbound tonnage ex-Korea was up 10%. With increasing cargo revenues, the […]
  • Charles Kauffman
  • November 16, 2017
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