Global air cargo demand increased by 11% year on year in March for the third consecutive month, driven by factors like e-commerce and disruptions in Red Sea shipping. Xeneta's latest analysis revealed that the higher volumes in the first quarter outpaced capacity growth, which grew by 8% year on year. This led to a rise in the global dynamic load factor, Xeneta's measure of cargo capacity utilization based on volume and weight flown alongside available capacity. The load factor for the first quarter of 2024 increased by two percentage points year on year to 59%, with March showing similar growth at 61%.
top of page
Search
Recent Posts
See AllOcean freight rates decreased via North America East Coast (-3.9% week-over-week), North America West Coast (-2.8%), Europe (-0.7%), and Korea (-1.9%).
Air cargo rates on major east-west trades in February continued their decline compared to last year due to the timing of the Lunar New Year break. According to the Baltic Exchange Airfreight Index (BA
The February 2024 Japan International Air Cargo Forwarder Ranking has been revealed. The top spot goes to Nippon Express with 15,582 tons (-0.2% y/y), followed by Yusen Logistics with 10,811 tons (+36
bottom of page