Fear-of-missing-out (FOMO) has created an irrational airline and freight forwarding market, causing spot rates to fall over 40% in June, according to CLIVE Data Services, part of Xeneta.
Airfreight rates fell to their lowest level since March 2020 as airlines and forwarders search for volumes, according to CLIVE Data Services, part of Xeneta.
Global air cargo demand dropped 4% in April and bellyhold capacity flooding back on to the market indicates a challenging few months ahead, according to CLIVE Data Services, part of Xeneta.
Shippers and freighter forwarders are signing longer contracts, signalling more common ground in a stabilising air cargo market, according to industry analysts, CLIVE Data Services, part of Xeneta.
Air cargo market data needs a new baseline as capacity exceeded pre-pandemic levels, according to CLIVE Data Services, part of Xeneta.
Westbound air cargo heading from Europe to North America was up in January but global demand continues to fall, according to CLIVE Data Services, part of Xeneta.
The global air cargo market ended with a win/win outcome for airlines, forwarders and shippers as demand fell, spot rates registered a big fall but average rates remained well above pre-pandemic...
Demand dropped 2% month-over-month in November, dashing hopes of a late peak season boost, according to market data from CLIVE Data Services, part of Xeneta.
Volumes continued to decline in October with no signals indicating an upturn in 2023, according to market data from CLIVE Data Services, part of Xeneta.
Airfreight spot rates have dropped below 2021 for the first time this year as capacity returns to the market, according to CLIVE Data Services.
The global air cargo market’s performance in August offered a glimmer of hope for the upcoming peak season, according to CLIVE Data Services.
Demand was down in July as economic and political uncertainties continue to affect the air cargo market, says CLIVE Data Services.