7 March 2024
Ethiopian adds Gatwick flights with UK freighters on the horizon

Ethiopian Airlines will add a third UK airport to its network next month and its cargo division is looking forward to the possibility of freighter flights to the country in the future.

The Airbus A350-900 flights will arrive in the UK early on Tuesday, Thursday and Sunday morning and depart later that morning back to Ethiopia.

1 Comment1 March 2024
Air Cargo Demand Surges 10.8% in December, Closing 2023 Near 2022 Levels

The International Air Transport Association (IATA) released data for global air freight markets showing that air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties. Full-year demand reached a level just slightly below 2022 and 2019.

19 February 2024
New UK border checks on imports 'bring cost, confusion and frustration'

Supply chain leaders have warned of increased costs, confusion and frustration as the UK today introduces the first stage of its Border Target Operating Model (BTOM).

The BTOM requires imports into the UK that are designated medium- or high-risk to be accompanied by export health certificates.

1 Comment13 February 2024
Air cargo market has 'normalised', but earnings will fall, says KAL chief

In his new year message yesterday, Korean Air Lines chairman and CEO Walter Cho Won-tae said he believed the air cargo market had normalised after Covid, but predicted reduced earnings in 2024.

He said 2024 would be “a profound turning point” and that “innovation will sprout in the aviation industry”.

5 February 2024
Air cargo eyes a year of uncertainty and opportunity

Geopolitical uncertainty and unpredictability could fuel demand for air cargo as shippers move to benefit from the stability of services.

Figures from data provider Xeneta show that air cargo demand increased by 9% year on year in December – although this is partly a reflection of a weak end to 2022 – while spot rates reached their highest level in nine months of $2.60 per kg and the dynamic load factor increased by 3% to reach 59%.

29 January 2024
Red Sea crisis expected to drive sea-air demand as Chinese New Year looms

A perfect storm of disruption in shipping, plus the early February start to Chinese New Year, is expected to push air freight rates up – but it has not happened yet – rail demand from Asia-Europe has increased, however.

The TAC Index noted that the overall Baltic Air Freight Index “suddenly fell 20.5% over the two weeks to 1 January”.

22 January 2024
Interest in sea-air services on the rise, with new tech on the way to help

While Maersk has achieved success with its integrated sea-air services, it appears that similar services from shipping giants MSC and CMA CGM have not materialized. However, there is a recent increase in sea-air activities, and advancements in technology are facilitating smoother modal switches.

15 January 2024
Year ends with quarterly improvement in air cargo volumes

The fourth quarter of 2023 was the first to show a volume improvement on 2022 levels, according to end-of-year figures from WorldACD.

Figures from the data provider show that air cargo volumes increased by 3% in the fourth quarter, compared with a 3% decline in the third quarter, a drop of 8% in the second quarter and a fall of 11% in the first three months.

10 January 2024
Red Sea conflict sees air cargo demand rise

Airfreight demand is rising as a result of the Red Sea conflict impact on Suez Canal shipping, according to Bolloré Logistics.

The international transport and logistics company said that the “volatile” situation, which has resulted in higher rates, increased transit times and supply chain delays, will squeeze airfreight capacity.

5 January 2024
SME forwarders must adapt to airfreight market dynamics or lose business

The soft airfreight market has seen small and medium-sized forwarders gaining market share, but they will need to improve in some areas to retain that share.

WorldACD data for September showed smaller forwarders had a 15.6% share of the market, up 14.9% from the previous year, while large forwarders, while still claiming a 27.1% majority share, saw a 1.3% decline from the previous year.

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