WorldACD Market Data

Bangladesh disruptions contribute to stalling tonnages in late July Worldwide air cargo tonnages remained flat in the last full week of July, having dropped around -2% the previous week, taking them around -5% below their level at the end of June, according to the latest weekly figures from WorldACD Market Data. There is no clear evidence that the relatively subdued tonnages in the last two full weeks are linked to the IT outages in many countries on 19 July. However, tonnages flown from Bangladesh have been down significantly since mid-July, due to disruptions caused by political protests that led to blackouts of internet services for several days. Tonnages flown from Bangladesh to Europe declined by -29% in week 29, compared with the week before; although volumes bounced back slightly in week 30, regaining +6%, WoW, both weeks are down by around -50%, YoY, from a market that has generally seen some substantial YoY growth in 2024. Read the full article here: https://lnkd.in/e_7vDhMn #aircargo #aircargotrends #airfreight #airmarket #cargo #cargotrends #logistics #supplychain #logistics #freightforwarders #freightforwarding #gsa #gssa #shippers #supplychainmanagement

Outbound growth markets are dominated by Asian origins in first half 2024   Hong Kong in June once again topped the monthly country rankings in terms of absolute increases in outbound chargeable weight flown, with an increase of nearly 23 million kgs (23,000 tonnes), compared with June 2023, a year-on-year (YoY) rise of +17% from a subregion seeing exceptionally strong growth in cross-border e-commerce traffic. It was followed by China South East with an increase of nearly 13 million kgs (+18%), Thailand (+9 million kgs, +25%), China East (+7 million kgs, +8%), and India (+7 million kgs, +8%).   For more detailed information, check out the latest WorldACD Air Cargo Trends of June (first-half 2024 review). https://lnkd.in/eHxvCEWB

For the period up to 21 July 2024, worldwide available cargo capacity was up 2% compared to the same period in 2023. The share of freighters has been relatively stable, dropping only 1 percentage point to 52% this year. For Asia Pacific we see a very different picture: air cargo capacity increased +11% year-on-year. Moreover, the share of air cargo capacity on freighter flights is 11 percentage points higher than the worldwide average, but it did come down from 67% in 2023 to 63% this year.

Asia Pacific rates soar despite drop in China-USA demand Air cargo spot rates from Asia Pacific continue to soar, despite a drop in demand from China to the USA in the last two full weeks, according to the latest weekly figures and analysis from WorldACD Market Data. Average global air cargo rates rose by a further +2% in the third full week of July to US$2.56 a kilo, thanks to increases from Asia Pacific and Middle East & South Asia (MESA) origins, despite total worldwide tonnages declining for the third consecutive week. That average worldwide of $2.56 a kilo is +14% above the equivalent week last year and remains significantly higher than the equivalent period prior to Covid (+47% compared to July 2019). Read the full article here: https://lnkd.in/enMRumdk #aircargo #aircargotrends #airfreight #airmarket #cargo #cargotrends #logistics #supplychain #logistics #freightforwarders #freightforwarding #gsa #gssa #shippers #supplychainmanagement

Rates stay firm despite slight July demand lull Worldwide air cargo rates and demand softened slightly from most regions in the second week of July, although tonnages and average global prices remain significantly higher than this time last year, thanks to continuing elevated demand and high rates from Asia and the Middle East. According to the latest weekly figures and analysis from WorldACD Market Data, there was a -1% drop in worldwide tonnages in week 28 (8 to 14 July), mainly due to falls from Europe (-5%), Asia Pacific (-2%) and Africa (-5%). But a post-Independence Day rebound from North America (+6%) origins and from Central & South America (CSA) (+4%) helped keep total worldwide tonnages relatively firm during what is normally a quiet month. Read the full article here: https://lnkd.in/eSGS7err #aircargo #aircargotrends #airfreight #airmarket #cargo #cargotrends #logistics #supplychain #logistics #freightforwarders #freightforwarding #gsa #gssa #shippers #supplychainmanagement

Demand dips due to US Independence Day, rates stay high ex-Asia Global air cargo demand dropped by around -5% in the first week of July, mainly due to the impact of US Independence Day holidays, but average worldwide rates remain high thanks to continuing rises from Asia Pacific origins. According to the latest weekly figures and analysis from WorldACD Market Data, the -5% drop in worldwide tonnages in week 27 (1 to 7 July) included a fall of -13% from North America origins, with the ‘Fourth of July’ celebrations also contributing to a -8% drop from Central & South America (CSA), and declines of -4% from Europe and -3% from Asia Pacific. Worldwide tonnages were up, year on year (YoY), by +11% in week 27, roughly in line with the figure for June and for the second quarter of 2024 as a whole, according to the more than 450,000 weekly transactions covered by WorldACD’s data. For weeks 26 and 27 combined, tonnages were up by +13%, YoY. Read the full article here: https://lnkd.in/ehwUCD5e #aircargo #aircargotrends #airfreight #airmarket #cargo #cargotrends #logistics #supplychain #logistics #freightforwarders #freightforwarding #gsa #gssa #shippers #supplychainmanagement

Tonnages up +12% in the first half of 2024 Global air cargo tonnages were up by +12% in the first half of 2024 compared with the equivalent period last year, according to preliminary figures and analysis from WorldACD Market Data, with +11% year-on-year (YoY) growth in the second quarter (Q2) following on from the +12% recorded in Q1. The preliminary figure for June of +9%, YoY, was slightly below the average YoY full-month tonnage growth figure so far this year, with strong YoY growth continuing from Asia Pacific origins but with demand from Middle East & South Asia (MESA) origins dropping back somewhat from the highly elevated tonnage growth levels experienced in the first quarter. Tonnages from MESA origins in Q2 were still significantly higher (+13%) than the equivalent period last year, but that growth figure was well below the +27% growth recorded in Q1, from a region particularly affected by the disruptions to container shipping caused by the attacks on vessels in the Red Sea. Read the full article here: https://lnkd.in/eVR38ugf #aircargo #aircargotrends #airfreight #airmarket #cargo #cargotrends #logistics #supplychain #logistics #freightforwarders #freightforwarding #gsa #gssa #shippers #supplychainmanagement

Global tonnages dip due to Eid al-Adha festival Worldwide average air cargo rates have continued to rise, despite a drop in tonnages to and from countries with predominantly Muslim populations linked to the Eid al-Adha annual festivals and holidays – which this year took place between 16 and 20 June. According to the latest weekly figures and analysis from WorldACD Market Data, total worldwide tonnages flown in the last full week (week 25, 17-23 June) dropped by -5%, but average rates rose slightly (+1%) to US$2.54 a kilo, up +10% compared with the equivalent week last year and significantly above pre-Covid levels (+43%) compared to June 2019. Combining the figures for the last two full weeks (weeks 24 and 25) reveals a -3% drop in tonnages compared with the previous two weeks (a ‘two-week on two-week’ or ‘2Wo2W’ comparison), with rates up slightly (+1%), based on a full-market average of spot rates and contract rates. That fall in tonnages was driven by a -10% drop from Middle East & South Asia (MESA) origins, on a 2Wo2W basis, although average rates from MESA during that period rose by a further +5% above their already highly inflated levels compared with the equivalent weeks last year (+57%, year-on-year, or YoY), boosted by the continuing disruptions to container shipping in and around the region. Based on the more than 450,000 weekly transactions covered by WorldACD’s data, region-to-region figures show big decreases in chargeable weight in both directions between Asia Pacific and MESA (-15% eastbound; -13% westbound), and between Europe and MESA (-12% eastbound; -7% westbound), on a 2Wo2W basis, highlighting that the 2Wo2W decline for the MESA region applies to inbound as well as outbound cargo. Read the full article here: https://lnkd.in/egyWpJk9 #aircargo #aircargotrends #airfreight #airmarket #cargo #cargotrends #logistics #supplychain #logistics #freightforwarders #freightforwarding #gsa #gssa #shippers #supplychainmanagement

Shaping the future together at the transport logistic China 🇨🇳🛫   What an incredible three days at the #TransportLogisticChina in Shanghai! We were thrilled to welcome so many amazing customers, partners and logistics enthusiasts to our booth. The energy and excitement was truly contagious as we shared our space with time:matters, Swiss WorldCargo - Air cargo division of SWISS, heyworld and CB Customs Broker GmbH.   Our workshops on eCommerce, sustainability, and digitization, which we held with CB Customs Broker, heyworld, and cargo.one, were a huge hit, with all sessions fully booked. We are excited to be at the forefront of these important conversations and developments.   In addition to the fantastic workshops, we are thrilled to announce that we have signed a contract with Best Services International Freight for more than 100 tons of #SustainableAviationFuel. This is a big step forward in our commitment to sustainability and reducing our environmental impact.   Ken de Witt Hamer, CEO of WorldACD Market Data and our CFO and CHRO Frank Bauer renewed our contract with WorldACD. This week marked the 20th anniversary of our partnership. #LufthansaCargo was one of the first to join WorldACD and it's incredible to look back at how far we've come together.   To top it all off, we had the pleasure of recognizing our top customers in Asia at our evening event hosted by our Head of Region Asia Pacific J. FLORIAN PFAFF in partnership with Munich Airport International. Congratulations to Best Services International Freight, DHL Global Forwarding and Kuehne+Nagel for their outstanding contributions and partnership. We are grateful for the opportunity to work with such incredible companies and look forward to continuing to grow and succeed together.   As we reflect on the past three days, we are filled with gratitude for the amazing partnerships and opportunities that have come our way. It's events like this that remind us of the power of collaboration and innovation in shaping the future of global business. Check out our slideshow to see some of our highlights! What were your highlights at the transport logistic China?   #EnablingGlobalBusiness