24 September 2024  Air cargo rates have gone up since the mid-2010s. According to the Baltic Exchange Air Freight Index (BAI), air freight from Hong Kong to Europe went from just under $3 per kg in 2015, to $8 highs in 2022, and in 2024, has remained at a level between $4-$5 per kg since. But these figures do not tell the whole story. According to Baltic Exchange data, in May, ocean freight rates were sitting at 324% above the same period in 2023. Air cargo rates, likewise, have yet to return to their pre-pandemic levels. They likely will not, so long as the Red Sea disruption remains to stave off the new reality, masking the true impact of new additions to the air cargo fleet. |
3 Comments16 September 2024 .jpg) Current CO2 air cargo emission calculating methodology has been compared to the VW emissions scandal, with a lack of standardisation allowing passenger ‘greenwashing’ at the expense of cargo. |
7 Comments9 September 2024  Freight volumes and rates begin to taper off, raising questions about the direction of demand. Logistics professionals and analysts expect the air cargo market’s remarkably strong first half to build momentum during the final months of the year, when international shipping normally peaks to meet holiday shopping demand, leading to pressure on capacity and higher rates. |
3 September 2024  In the quest to shrink the outsized climate impact of air travel, airlines across the globe have vowed to consume vast quantities of greener jet fuel. But most airlines are lagging far behind their pledges, according to a Bloomberg Green analysis of corporate environmental filings for 2023. |
29 August 2024  A new air-freight route officially opened between Urumqi, capital city of northwest China's Xinjiang Uygur Autonomous Region, and Bournemouth in Britain, on Monday August 19th. |
22 August 2024  Airfreight has a critical role to play in boosting economic growth, already contributing £230m of the £185bn logistics businesses add in value to the UK economy. Recent announcements are a welcome sign that the government is serious about supporting the sector, specifically by accelerating the transition to net zero aviation. |
19 August 2024  Container capacity has been stretched by demand and the longer routings to avoid the Red Sea, resulting in extended transits reducing available capacity. And the differential between air and ocean cargo rates has dropped significantly in recent months. |
1 Comment5 August 2024  Air freight operators have seen a dramatic rise in greenhouse gas emissions, with a 25% increase compared to 2019, according to a recent analysis by the campaign group Stand.earth. The study reveals that in 2023, air freight operators conducted approximately 300,000 more flights than in 2019, marking an almost 30% rise in flight volume. The United States alone accounted for over 40% of global air freight emissions. |
30 July 2024  Insights Stable Logistics Activity: The UK's logistics activity index is expected to remain steady throughout 2024. Freight Projections: Road freight is projected to stay consistent, while both sea and air freight are showing significant signs of recovery. Economic Outlook: 38% of respondents anticipate economic improvement in the sector. Sector Focus: Emphasis is placed on technology, decarbonisation, and the need for government support in infrastructure and regulations. |
22 July 2024  When chatgpt took everyone by storm in November 2022, it was Openai, the startup behind it, that seized the business world’s attention. But, as usual, big tech is back on the front foot. Nvidia, maker of accelerator chips that are at the core of generative artificial intelligence (ai), is duelling with Microsoft, a tech giant of longer standing, to be the world’s most valuable company. Like Microsoft, it is investing in a diverse ecosystem of startups that it hopes will strengthen its lead. Predictably, given the “techlash” mindset of the regulatory authorities, both firms are high on the watch list of antitrust agencies. |
