News Content
East-west air freight rates will be at record lows for months: Drewry
DREWRY Sea & Air Shipper Insight's air freight price index has shed 3.4 points to drop to 89.8 - its lowest since the index was launched in May 2012.
It is also the first time it has declined to under US$3 per kilogramme with the index reading $2.91 in May and$3.22 year on year, reported London's Loadstar.
"Compared with the same month last year, the index was 12 points adrift, reinforcing the view of emerging market weakness precipitated by slowing demand growth and excess capacity," said Drewry, the London research house.
Drewry expects air freight pricing to remain weak over the next few months, as carriers release additional passenger capacity to cope with the northern hemisphere's summer holiday season.
As Drewry reports that air freight rates have decreased to record lows on east-west tradelanes, comes hope for carriers, with the media reporting that Atlas Air had taken a 747-400 Boeing converted freighter out of retirement due to rising US military activity in Europe.
The Flight Aware website confirmed that Atlas has operated at least two military flights by Civil Reserve Air Fleet-registered aircraft recently. At the end of June a 747-400 freighter left McGuire Air Force base in New Jersey for US and NATO camp Ramstein Air Base, in Germany, and a flight left Dover Air Force Base in Delaware to go to Frankfurt Hahn.
Atlas has traditionally been a key carrier for military lift under the Civil Reserve Air Fleet programme, and has added passenger charters to its business to carry troops.
In April this year, its monthly allocation was for 19 aircraft, while its subsidiary, Polar Air Cargo, had nine, making it the second largest freighter operator for CRAF, after FedEx, and Kalitta Air has 12 aircraft registered with CRAF.
It is also the first time it has declined to under US$3 per kilogramme with the index reading $2.91 in May and$3.22 year on year, reported London's Loadstar.
"Compared with the same month last year, the index was 12 points adrift, reinforcing the view of emerging market weakness precipitated by slowing demand growth and excess capacity," said Drewry, the London research house.
Drewry expects air freight pricing to remain weak over the next few months, as carriers release additional passenger capacity to cope with the northern hemisphere's summer holiday season.
As Drewry reports that air freight rates have decreased to record lows on east-west tradelanes, comes hope for carriers, with the media reporting that Atlas Air had taken a 747-400 Boeing converted freighter out of retirement due to rising US military activity in Europe.
The Flight Aware website confirmed that Atlas has operated at least two military flights by Civil Reserve Air Fleet-registered aircraft recently. At the end of June a 747-400 freighter left McGuire Air Force base in New Jersey for US and NATO camp Ramstein Air Base, in Germany, and a flight left Dover Air Force Base in Delaware to go to Frankfurt Hahn.
Atlas has traditionally been a key carrier for military lift under the Civil Reserve Air Fleet programme, and has added passenger charters to its business to carry troops.
In April this year, its monthly allocation was for 19 aircraft, while its subsidiary, Polar Air Cargo, had nine, making it the second largest freighter operator for CRAF, after FedEx, and Kalitta Air has 12 aircraft registered with CRAF.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
