Airfreight spot rates continued to rise last week as weather conditions, volcanic activity and wars put capacity under pressure, with fears of a major eruption in Iceland growing – possibly within days. With the airfreight sector preparing to benefit from a potential reduction in ocean shipping reliability next year, as the container shipping lines grapple …
Metro have worked in a strategic partnership with Birmingham Airport for almost 10 years and its importance as an air cargo hub and global gateway for the Midlands, has been further underlined by critical ground-handling investments and pending China freighter services. Metro’s partnership with Birmingham International Airport reduces lead times and carbon emission’s, while increasing schedule …
Air freight spot rates have risen steadily since August on major Asia outbound lanes and while there is no significant peak season the market is definitely tighter, with global rates and tonnages stabilising after China’s Golden Week. There is a perceptible uptick in air cargo rates, which is more pronounced than normal and while it …
As part of the UK’s net zero commitment the government is supporting a variety of technology, fuel and market-based measures to address aviation emissions, with particular commitment to sustainable aviation fuel (SAF). The government recognise sustainable aviation fuel (SAF) as crucial to efforts to decarbonise, and they want the UK to be a global leader …
While sea freight traffic is largely operating without significant issues, the conflict in Israel is impacting airfreight to the country and the surrounding region, with many carriers’ services subject to cancellation and delay. Many airlines have suspended direct flights to and from Israel, with many international aviation authorities avoiding the region’s airspace, and no bookings …
Airfreight rates, as measured on the Baltic Air Freight Indices*, ticked up through September on major Asia-outbound lanes, giving credence to the possibility of a peak season in 2023, with rates ex Hong Kong up 7% and ex Shanghai a whopping 34%. According to the most recent reading of the BAI*, Hong Kong to Europe …
Weak summer demand saw air freight chargeable weight move down 1% and while the fall was minor, it is the fourth consecutive month of falls, which suggests that we may require another few quarters before we see more demand pick up on a global level. According to the latest market analysis from Xeneta, shippers continue …
July saw global air cargo demand fall by 3.4% and capacity grow +7% compared to a year ago, as airlines’ summer schedules stepped up to meet the holiday season’s heightened passenger traffic. Last month’s global average dynamic load factor, which measures the volume and weight perspectives of cargo flown and capacity available, was at 55%, …
We are pleased to see key carrier partners, Emirates, Qatar and Saudia commit more flights, with air freight capability, directly to our Birmingham Airport hub, from key Middle East and Asia origins. Birmingham International Airport (BHX), has underlined again its critical importance as our air cargo hub and the global gateway of the Midlands, with …
The rapidity of the collapse in air and sea freight rates has given carriers the same level of trauma and shock experienced by shippers when freight rates exploded in 2021 and while the turnabout in the market was anticipated, its intensity and extent is far greater than expected, with shippers very much back in the …