Tags: Xeneta

Will Air Cargo’s Tailwinds Hold Out Into Peak Season, As July Marks a Sixth Consecutive Month of Rates Increases

1st August 2024

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 […]

Global IT failure will add further pressure to already-strained air cargo supply chains

22nd July 2024

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 […]