According to the International Air Transport Association (IATA), global air cargo traffic fell 8.3% in May from the same period last year, marking the third consecutive month of decline. The biggest factor was the continued reduction of flights on the Asia-Europe route, which accounts for 20% of global traffic, due to difficulties in flying over Russia caused by the Ukraine crisis. According to the TAC Index, an international index, air freight rates for shipments from Shanghai to Europe rose 40% compared to the end of February, the lowest level in recent months.
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See AllOcean freight rates increased via the West Coast of North America (+0.1% week-on-week). Freight rates via the East Coast of North America (-3.1%), South Korea (-5%), and Europe (-1.1%) decreased.
According to the January airport operations report released by Narita International Airport (NAA), the number of cargo flights to and from the airport totaled 2,500 (-39% y/y). The decrease was due to
The ranking of forwarders of international airfreight cargo volume from Japan for January 2023 has been revealed: No. 1 was Nippon Express with 13,272 tons (-33.7% y/y), No. 2 was Kintetsu Express wit
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