In November, freight volume fell 12.6% year-on-year, and air freight rates soared one after anot
- Author:Chelsea
- Source:Sailing
- Release Date:2021-01-09
WorldACD, which specializes in providing data on the air cargo market, said: "It may be a bit of an understatement to say that the air cargo market is'hot'."
At the end of 2020, the world’s review of this year is special, and air cargo is no exception: the usual trends that have formed over the years have no guiding effect on what actually happens. The fluctuations in cargo volume and freight rates have already Become the norm in the market.
According to WorldACD, the freight volume in November 2020 dropped by 12.6% year-on-year, but the freight rate has increased the fastest since the "crazy April and May". In November, freight rates rose by 79% year-on-year, while in October they rose by 11.2%.
At the end of 2020, the world’s review of this year is special, and air cargo is no exception: the usual trends that have formed over the years have no guiding effect on what actually happens. The fluctuations in cargo volume and freight rates have already Become the norm in the market.
According to WorldACD, the freight volume in November 2020 dropped by 12.6% year-on-year, but the freight rate has increased the fastest since the "crazy April and May". In November, freight rates rose by 79% year-on-year, while in October they rose by 11.2%.
However, freight volume fell by 2% from last month, and capacity increased by 1% from October. Despite the decline, abdominal capacity increased by 3%. The Asia-Pacific region was the only region that experienced growth between October and November, with an increase of 3.2%.
Among them, cargo of more than 5,000 kg increased year-on-year, while cargo of smaller weight classes decreased by 16% to 29%, which may reflect the number of PPE flying this year.
And WorldACD added: "The most severe statistics in November is: the remains of air transported increased by 8% over the same period last year."
The data company also added some records from November: the highest average price was from Hong Kong to the Midwestern United States, at $6.88 per kilogram; the highest year-on-year increase was from the United Kingdom to the northeastern United States, an increase of 289%;
The absolute annual change from eastern China to the midwestern United States was the highest, with an increase of $3.43; the largest monthly change was from South Korea to Germany, with an increase of 58%.
Among them, cargo of more than 5,000 kg increased year-on-year, while cargo of smaller weight classes decreased by 16% to 29%, which may reflect the number of PPE flying this year.
And WorldACD added: "The most severe statistics in November is: the remains of air transported increased by 8% over the same period last year."
The data company also added some records from November: the highest average price was from Hong Kong to the Midwestern United States, at $6.88 per kilogram; the highest year-on-year increase was from the United Kingdom to the northeastern United States, an increase of 289%;
The absolute annual change from eastern China to the midwestern United States was the highest, with an increase of $3.43; the largest monthly change was from South Korea to Germany, with an increase of 58%.
Although the volume of transportation has declined, revenue has increased year by year-"Can things get weirder?" WorldACD asked.
"Take Chicago as an example: Outbound business dropped 9% year-on-year (January to November), but it brought airline revenue growth by 10%. At the same time, revenue from flights to Chicago increased by 92% year-on-year. Unbelievable."
According to a survey by Clive Data Services, the highest cargo loading rate occurred in the first half of December. Compared with the first half of November, its transaction volume also increased by 2%, and the price was 2 cents higher than the average price in November.
"Take Chicago as an example: Outbound business dropped 9% year-on-year (January to November), but it brought airline revenue growth by 10%. At the same time, revenue from flights to Chicago increased by 92% year-on-year. Unbelievable."
According to a survey by Clive Data Services, the highest cargo loading rate occurred in the first half of December. Compared with the first half of November, its transaction volume also increased by 2%, and the price was 2 cents higher than the average price in November.