IATA claims global aviation is on course for a “decade in the black”. However, the annual pace of growth in cargo is well below last year’s “exceptional” performance. Despite the slowdown, the association remains relatively positive about future growth, albeit it at a slower pace. “The expected 3.7% annual increase in cargo tonnage next year to 65.9m…
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…
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…
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. …
The latest figures from Drewry's Sea and Air Shipper Insight report show that average ‘all-in’ air freight rates across 21 major east-west trade lanes increased by 7.9% year on year in March to reach $2.84 per kg. Prices were also up on February levels when airlines achieved an average price across the trade lanes of…
For this month only, we would like to offer our loyal customers free customs clearance on any air freight bookings made! We have electronic links to all UK airports. This means that our team can skilfully arrange customs clearance for your cargo. With knowledge of all customs clearance procedures, home use, CFSP, IPR, OPR and warehousing…
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