Increase in air freight rate in July despite market slowdown

Air freight rates are increasing since July this year irrespective of market slowdown. Generally with market slowdown the air freight rates also show decline but not this year as it seems that major cargo hubs are under pressure based on available cargo handling. As per below TAC index the prices on Hong Kong to North America increased by 16% in July. Similarly for...

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European airports record growth in H1 2015, but only just

European airports just managed to drag cargo volumes into positive growth for the first half of the year thanks to improved performance in June. Figures from the Airports Council International (ACI) Europe show that freight volumes for the first half of the year increased by 0.5% against a year earlier. The organisation was not too optimistic for...

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Hong Kong airfreight chief steps down

Hong Kong Association of Freight Forwarding and Logistics (HAFFA) chairman Paul Tsui is to step down and will be replaced by Cliff Sullivan, senior vice-president of A-Sonic Logistics. Mr Tsui is a 30-year veteran of the airfreight industry and in 2001 founded Janel Group, which now employs 250 staff in offices throughout China. Mr Sullivan has been a HAFFA executive...

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Sharp decline in load factors

Airfreight demand growth began to ease off in April, resulting in a “sharp” decline in load factors as they reached their lowest level for a year. The latest IATA figures show that airfreight volumes increase by 3.3% year-on-year in April compared with growth of 4.3% for the first four months. It said that the slowdown was mainly the result of a weakening in demand...

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FedEx sees peak season bounce

US parcels giant FedEx saw third quarter revenues up four per cent to $11.7bn. “We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Fred Smith, FedEx Corp chairman, president and chief executive officer. Operating results for the third quarter ended...

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TNT launches Tel Aviv freighter links

TNT has launched a Monday to Friday B737-400F service between Israeli capital Tel Aviv and the express operator's European hub in Liege, Belgium. The new service "answers increasing demand" and allows TNT to shorten transit times for express shipments to and from Tel Aviv by one day. The flight arrives in Tel Aviv in the morning...

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We will do better, promise TNT management

TNT Express has outlined the steps that will return the parcels and freight operator to profit. A core part of its strategy is to set up focused international Europe and domestic units, strengthening its management and accelerated investment in its transport and IT, along with improved service levels. At a capital markets day conference this week in London, chief...

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European Airlines Freight Traffic

This is the monthly year-over-year percent change in overall freight traffic and Asia-Pacific freight traffic for European airlines. Asia Pacific fell in June 2014, and overall increased. Source: Association of European Airlin...

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