The quick recovery of July’s global IT outage produced no significant ongoing disruption to resurgent air cargo demand, with rates rising for a sixth consecutive month, according to the latest market analysis by Xeneta. Global average air cargo spot rates reached USD 2.66 per kg in July, +20% higher year-on-year. This was again driven […]
The global IT failure that impacted major airports and airlines will cause disruption and delays to air cargo services that could take days or even weeks to fully resolve. The IT failure, which took place on Friday, affected Microsoft systems and has seen thousands of flights grounded or delayed at the world’s largest air freight […]
Global air cargo volumes fell again in June, down 8% year-on-year, with additional summer airline capacity continuing to apply a downward pressure on airfreight rates, especially on the North Atlantic which has seen a 30% decline over the past three months, according to the latest weekly air cargo market intelligence from industry analysts CLIVE Data […]
