WTO global trade barometer suggests continued weakness into 4Q for airfreight

The World Trade Organization’s (WTO’s) Goods Trade Barometer indicates that airfreight is down and below trend through to September 2019, which suggests air cargo will see continued overall weakness into fourth quarter of this year. Though some component indices have stabilized, others continue to decline, reflecting heightened trade tensions and rising tariffs in key sectors […]

Drewry index shows rates climbed in September

Average airfreight rates rose by approximately $0.2 month-over-month in September 2019, according to market intelligence firm Drewry. Drewry’s East-West Airfreight Price Index for September also rose by 8.4% compared to August 2019. However, when compared with the same month last year, the airfreight rate was down by 6% in September 2019. But there may be […]

WorldACD, Drewry June figures snap dismal picture of 1H2019  

Following the challenging political and economic conditions experienced over the first half of 2019, WorldACD released its report indicating a decrease of 9% in international airfreight volumes year-over-year for the month of June. Meanwhile, Drewry said airfreight prices are continuing to rise.  According to WorldACD, airlines suffered a y-o-y decrease of almost 15% in revenue, combined with a […]

Drewry: Rates dropped 3.5% month-month, will continue to decline in January

Today, Drewry’s East-West airfreight price index for month of December showed that airfreight rates dropped 3.5 percent, month-over-month, from US$3.18 to $3.07, and increased a slight 2 percent, year-over-year, from December 2017’s rate of $3.02. Rates hit their peak in November, reaching $3.18 – the highest rate seen in the past four peak seasons. Drewry […]

November rates ‘highest of last 4 peak seasons,’ Drewry finds

Trans-Pacific airfreight rates hit a four-year high of US$3.18 per kilogram during the month of November – a 5 percent jump from October and a 2 percent year-over-year increase, according to Drewry’s latest East-West Index report. Philip Damas, director of Drewry Supply Chain Advisors, the logistics consultancy arm of Drewry, said that, while the industry’s […]

Drewry: June’s freight rates 7 percent higher than last year

Average freight rates on east-west trade lanes in June came in at US$2.63 per kilogram, falling seven cents from the previous month. Despite the decrease between May and June, the price is 7 percent higher than during June 2017, when rates averaged $2.45. A statement from Drewry mentioned the current sense of trepidation felt among […]

Drewry: Expect a price rise in February after Chinese New Year

Rates for airfreight on east-west routes averaged US$2.76 per kilogram in January, a 30-cent fall from December. Average price per kilogram has declined following the spike in November, which held the highest average price per kilogram of 2017, at $3.15. The decline is indicative of the winter lull experienced annually by the industry and is […]

East-West airfreight rates pulled back in December, says Drewry

Rates for airfreight on east-west routes averaged US$3.06 per kilogram for December – an increase of 8.5 percent from December 2016. However, this rate is down $0.09 from November, according to the latest Drewry Sea & Air Shipper Insight. December’s numbers still stood well above the rest of 2017, with airfreight rates averaging about $3 […]

LATAM Cargo charts second month of growth, following dismal start to 2017

LATAM Airlines Cargo still can’t seem to catch a break, even when the news is good. Cargo volumes at the Chilean carrier moved up in the month of June, registering a 2.7 percent year-over-year increase after years of mostly poor results. But last month’s showing wasn’t enough to offset year-to-date declines in volumes of 3.7 […]

IATA’s August data point to rising demand in global airfreight

Concurring with similar conclusions from analysts at Drewry and WorldACD, the International Air Transportations Association (IATA) determined that August showed some encouraging signs of recovery in the global airfreight market, although some regions remain stagnant. Data for the month of August indicated a 3.9 percent, year-over-year, rise in demand for worldwide airfreight services, measured in […]

So it’s 2016: Now what?

It’s a new year, but is it happy? On the first business day of 2016, the world’s financial news services led with the story of a 7 percent drop in China’s CSI Index, sparking fears of a spread to European and North American markets. Our sister publication, Cargo Facts, discusses these fears and asks what […]

Rates, yields mired in mid-year doldrums

As we enter the second half of the year, performance figures for May from the industry’s leading research firms are painting a rather dismal airfreight picture for the rest of 2015. The International Air Transport Association (IATA), WorldACD and Drewry have all reported disturbingly low air cargo rates and yields, while overcapacity continues to grow […]

October data support great expectations for 2014

If the industry needed any more convincing that the peak season for 2014 will be robust, the latest figures for October, released by WorldACD Market Data, the Drewry Sea & Air Shipper Insight and the Association of Asia Pacific Airlines (AAPA), might make a good closing argument. However, a continuing decline in yields over the […]

Drewry: Airfreight rates to continue rising

Airfreight rates from Asia to North America and Europe are expected to rise through to the end of the year following four months of stable pricing, according to the recently expanded Sea & Air Shipper Insight report published by shipping consultancy Drewry. Drewry’s East-West Air Freight Price Index, a weighted average of airfreight rates across […]
  • October 29, 2014