Air freight welcomes return of passenger flights

Passenger aircraft pre-Covid supplied at least 50% of all global airfreight capacity in the ‘belly-hold” space under the passenger deck and the return of air travel will ease congestion and rate pressure on the time-sensitive mode. Passenger airlines will begin to convert and reduce the number of aircraft operated in ‘preighter’ configurations this autumn, as more of their fleets return to flying scheduled passenger services, particularly

Air freight rates continue to rise as capacity falters

Frustrated shippers, trying to avoid further container shipping delays, by switching modes, has driven air freight and charter rates to climb by up to ten times in a single week. Further imbalance between supply and demand is emerging, with the airlines conversion of passenger aircraft into temporary cargo planes failing to satisfy demand. Many airlines

September Update: Air cargo under serious and sustained pressure – and it has only just begun….

Industry data released today shows that international demand for air cargo capacity versus a shortfall in supply pushed average global air cargo rates up 112% beyond their pre-COVID level, as lockdown in Vietnam and the closure of cargo handling terminals at Shanghai highlighted the fragility of Asia supply chains.  Dhaka in Bangladesh is also very

Global air freight market and situation update

Peak Season for air cargo traditionally arrives in the latter half of September. It’s predictable although always a pain to negotiate and ensure that product, raw materials and components are available for the busy back end of the year, including the traditional retail festive season. This year air freight has become an essential mode earlier

Air cargo gains momentum from rising prices in ocean shipping

The record-breaking sea freight rates, driven by restricted volumes, equipment availability and service disruption is pushing increasing quantities of ‘distressed’ ocean cargo to air freight solutions. Metro have advised and updated regularly on the dynamic air freight market, which has restricted lifting capacity through the grounding of passenger aircraft and increased costs as carriers rely

Air freight market update

Following a brief lull in May and June, air freight volumes and rates are climbing again, with production backlogs and continuing sea freight disruption combining to create a spike in demand for the time-sensitive mode. Air cargo demand returned to growth in June following a drop in May. The latest statistics from CLIVE Data Services

Excessive demand likely to mean higher contract rates next year on all modes

The early start of the sea freight peak season and its likely extension through 2021 and possibly up to the Lunar New Year in 2022 means the chance of current market rates softening significantly are slender, particularly as disruption in any region creates more congestion and delays, pressuring prices as shippers try to secure scarcer slots. If they have the