Shipping disruption and e-commerce demand driving up airfreight rates
The start of the airline summer season this month is likely to hit airfreight rates ...
Air cargo yields have risen at their fastest annual pace since 2010, rising 7.9% in July. In fact, IATA’s latest cargo chartbook shows that – as expected – air freight demand has continued strong in the second half, with FTKs seeing 11.8% growth in July, another record since 2010. As ever, IATA can’t resist a cloud, and it notes that “signs suggest that the cyclical upturn in FTK growth may be nearing a peak – not least the fact that the inventory-to-sales ratio has stopped falling”.
Regionally, July saw a strong pick-up from North American airlines, but cargo throughput grew considerably at a number of key airports around the world, although Abu Dhabi once again bucked the trend, with volumes down 5.9%. You can see the full results here.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Resurgence of Somali pirates creates another 'danger zone' for shipping
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article