Peak season is quickly coming upon the air freight industry. Forwarders are reporting limited capacity on Asia-US, with rates from Hong Kong into New York now hitting HK$36 per kg (US$4.58) on major carriers such as Cathay, Cargolux and Asiana. Los Angeles rates are marginally lower, hovering at between HK$30 and HK$35++. “The air freight market…
Heathrow has been given the green light to spend £43m on its cargo activities – but input from carriers could stretch the budget further. Head of Heathrow Cargo Nick Platts has long campaigned for a freight budget, and now has a five-point plan for the cash. But one item on his wish list – a “forecasting and…
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 8.0% in January 2018 compared to the year-earlier period. This was up from the 5.8% annual growth recorded in December 2017. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by…
To boost electronic air waybill (eAWB) adoption the carrier has decided to introduce a 12 euro per paper air waybill fee for tradelines on which they are available. E-AWB penetration edged up 0.6 percentage points to 53.2% in January 2018, according to the latest statistics from IATA. January's figure compares with 52.6% in December 2017.…
Freight travelling through Heathrow reached record levels for the start of the year, as over 133,000 tonnes made its way through the airport in January, with export volumes growing by 10.6%. The top destinations for cargo growth were the US (1,214t), Spain (1,070t) and China (966t). Heathrow CEO John Holland-Kaye said: “Heathrow is off to…
The International Air Transport Association (IATA) released full-year 2017 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 9.0%. This was more than double the 3.6% annual growth recorded in 2016. Air cargo's strong performance in 2017 was sealed by a solid result in December. Year-on-year demand…
The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 5.9% in October 2017 compared to the year-earlier period. This was a slowdown from the 9.2% annual growth recorded in September 2017 but still exceeded the average annual growth rate of…
When it comes to international shipping, there are many choices as to how to move goods. The main decision to make is what kind of transport to use. Deciding between ocean freight and air freight is an important choice. Here, we give you the reasons why its a good idea to choose air freight. …
As part of celebrations for golden week, also called National Day, a major holiday is coming up in China from Saturday 1st October for a week, officially ending on the 7th but with effects lasting until the 10th. It has been celebrated in mainland China and Hong Kong since 2000. The holiday was implemented by…
It has been decided that plans for a 6th terminal will be halted to keep costs down whilst the 3rd runway is being built. Heathrow published its half yearly report last month, which made no mention of the proposed plans. Instead it stated that further investment in terminals 2 and 5 will go ahead…
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