Pactl July handle reveals increased lane imbalance

Exports out of China remained robust in July, but airfreight imports remain significantly lower compared to 2019, according to data from Shanghai Pudong International Airport Cargo Terminal Co. Ltd. (Pactl), the largest handler at Shanghai Pudong (PVG). Import volumes have always lagged behind export volumes, but this year, imbalance continues to diverge. Pactl reported international […]

Air cargo demand growth slows in May

In its overview of May air cargo performance, WorldACD asked the question that has been rehashed repeatedly as traffic growth has slowed and protectionist rhetoric has increased in 2018: “Is the party really over?” With these most recent results, the slowdown from last year’s consistent double-digit increases is undeniable – while volumes are still increasing […]

Air freight rates continue to rise

There are patterns underlying the trends in air freight demand and rates. Even within an overall trend of rising demand, for example, we still expect to see traffic peak during “peak season,” then subside through December, January, and February, rise to a brief mini-peak in the spring, then subside again slightly in the summer until […]

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, […]

Air freight rates slowly edging upwards ahead of peak season

Air freight rates on major east-west routes fluctuate from month-to-month, and for the year 2017, appear to have bottomed out in February. Except for a blip between April and May, rates have gradually been on the rise ahead of peak season. In its monthly East-West Airfreight Price Index, Drewry reported rates up 1.6 points between […]

Freight rates — good news and bad.

Air freight rates on major east-west routes rose slightly in August, according to UK-based freight market analyst Drewry. It’s a good news/bad news situation, and we’ll start with the good news. In its monthly East-West Airfreight Price Index, Drewry showed rates up 0.7 points in August, continuing a trend of rising rates that began six […]

Air freight rates decline in June

UK-based shipping consultancy Drewry published its analysis of air freight rates on major east-west trade lanes in June, and the data show the expected continuing rate decline. Drewry reported its East-West Air Freight Price Index declined by  1.1 points in June to a reading of 88.7, bringing the index down to its lowest level since it […]
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