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In contrast, the average ocean containerised spot rate on the India West Coast to North Europe lanes experienced a -9% decline in March.

The average global cargo spot rate in February rose +2% from the previous month to $2.29 per kg.

Air cargo volumes from Vietnam to Europe – a major trade route for apparel – spiked 62% in the week ending January 14.

Forecast for 2024 remains unchanged with an anticipated 1-2 percent growth in demand and a 2-4 percent rise in supply

Demand is predicted to grow only by 1-2% & supply is expected to increase by 2-4% in 2024.

Last month saw a 7% YoY capacity recovery as airlines’ summer schedules stepped up to meet heightened passenger traffic.

Shippers are the dominant players in the market right now, as freight forwarders and airlines are nervous of missing/losing the volumes that are...

Global airfreight spot prices fell below last year's level for the second month in a row in October. The slight increase in week 3 was mostly due to...

After -8% and -9% year-on-year falls in demand in June and July 2022, August volumes were a more modest -5% adrift of the August 2021 level, and -4%...

March 9, 2020: The International Air Cargo Association (TIACA) has signed an intelligence-sharing agreement with CLIVE Data Services, creators of the...