Zencargo’s Post

The welcomed return of the peak season provided some positivity to the air freight market following a lacklustre couple of years, according to the latest update from TAC Index. "The only upturn in rates in 2022 was due to the invasion of Ukraine that caused capacity disruptions from the closure of Russian air space and the loss of Russian airlines such as AirBridgeCargo, which were significant capacity providers. Since then, it has been a constant downward trend until the first green shoots emerged in September." #TACIndex #China #HongKong #US #Europe #RedSea #Vietnam #aircargo

The relevant economic markers are positive with 3.5% growth in global trade projected for 2024. Broadly, belly capacity is back and will carry the majority of air cargo while preighters have disappeared entirely. Dedicated freighters will maintain their usual share of the market

Catch the latest episode of Cargo Shots, presented by Hactl - Hong Kong Air Cargo Terminals Limited, where we bring you the biggest stories making waves in the industry. 🎤 Hosted by Rajarshi Chatterjee, this episode dives into crucial updates you don’t want to miss🔍 1️⃣ Boeing to Cease 767F Production & Cut Jobs Boeing will halt 767 freighter production by 2027 and reduce its workforce by 17,000 while also delaying the 777-8F. This marks a major shift as the company faces $3 billion in pre-tax charges. 2️⃣ Embraer E190F Secures Federal Aviation Administration Certification The FAA has certified #Embraer's E190F freighter conversion, marking a significant milestone for the E-Jets freighter program. With lower operating costs and extended range, the E190F is set to be a game-changer. 3️⃣ Hactl - Hong Kong Air Cargo Terminals Limited’s New Policy on #SustainableAviationFuel Supporting Hong Kong’s status as a leading air cargo hub, #HACTL emphasizes the adoption of sustainable aviation fuel and local logistics growth, aligning with green initiatives in the region. 4️⃣ Challenge Group Completes #B767 Conversion Program With two newly converted 767-300 freighters, Challenge Group expands its fleet and boosts capacity, launching additional services to India with five weekly flights. 5️⃣ Qatar Airways Cargo & Qatar Post Strengthen Partnership Qatar Airways Cargo and #Qatar Post have signed a cooperation agreement to enhance postal activities, streamlining mail transport to and from Doha with improved infrastructure. 6️⃣ #AirFreight Market Faces a Tough Year-End Peak - Xeneta Freight rates are rising due to China’s booming e-commerce and disruptions from the Red Sea Crisis. Airlines are shifting capacity to Asia, setting the stage for a challenging peak season. 🎬 Don’t miss these key stories and more—watch the full episode now! Stay informed with Cargo Shots, your go-to air cargo and logistics news source. 👉 Watch here: https://lnkd.in/dSs2pVvj SocialMedia Hactl, Nicole Moraes Sarno Wilson Kwong Benny Siu Faleh Al Naemi Carolyn Monchouguy Elaine D'silva Lemon Queen Audrey SERDJEBI Yossi Shoukroun Or Zak Gianluca Marcangelo Niall van de Wouw #CargoShots #AirCargo #Logistics #SupplyChain #HACTL #Aviation #Sustainability #Boeing #Embraer #QatarAirways #FreightRates #ChallengeGroup #AirFreight #AviationNews #RajarshiChatterjee

🚨 Breaking News! 🚨 US airlines are urging the Biden administration to address what they see as a competitive disadvantage with Chinese carriers. In a letter signed by the industry lobby group Airlines for America, Secretary of State Antony Blinken and Transportation Secretary Pete Buttigieg are being asked to halt approval for additional flights to and from China. The situation is a result of Russia’s ongoing war in Ukraine. The most direct air routes from the United States to China fly over the north pole and rely on the use of Russian airspace, which China has unrestricted access to. In contrast, U.S. airlines must navigate around Russian airspace to reach China, leading to longer transit times and higher costs for airfreight. The political capital behind this petition indicates that we have yet to see the full impact that these developments will have on airfreight rates. At Tranco, we know the challenges this creates for your supply chain. Our dedicated team is ready to help you navigate the situation with solutions tailored specifically to your business. Visit our website at www.trancoglobal.com to find out more information. 🤝➜🌏📦➜✈️🚢🚛➜📦🌎➜🥂 https://lnkd.in/exuHR4Jh #China #airfreight #breakingnews #logistics #wespeaklogistics

September’s global air cargo market lived up to analysts’ expectations, becoming the first month of 2024 not to report double-digit growth due to a strong year-on-year comparison but demand still rose nine percent year-on-year, according to the latest data from Xeneta. Niall van de Wouw, Chief Airfreight Officer, Xeneta says: “September is already old news. October is a whole new ballgame. We could see rates rising very quickly on some trade lanes because of the fear-of-missing-out (FOMO) effect as air cargo capacity leaves the market for the winter, U.S. port workers go on strike and conflict is escalating in the Middle East, potentially bringing further Red Sea disruption for ocean freight. “I have huge respect for the people who, on a day-to-day basis, are trying to make sense of these challenges and keep the world moving in an efficient manner. How much more can the market take, particularly when there’s so little visibility going forward? Reports suggest supply chains could take 4-6 weeks to recover from just a one-week U.S. ports strike, which takes us into November, the busiest month of the year for air cargo volumes. It’s a difficult situation. Covid was worse but this is an accumulation of many events and things can change very quickly. FOMO is a powerful force." ✈️ Follow STAT Times for the latest updates in air cargo and aviation.✅🌍 #Xeneta #USportstrike #aircargomarket #aircargo #aircraft 👉 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞: https://lnkd.in/g5ySQRMT

This week: Impending Canadian rail strike poses threat to supply chains, American Airlines Cargo boosts cargo capacity on Transatlantic and Transpacific routes, & U.S-Mexico trade surpassed $200 billion in first quarter. Stay up-to-date on the latest global supply chain and logistics news with our Freight Market Update: https://bit.ly/4dxOh5K #supplychain #radiantdelivers #freightmarketupdate

This week's comprehensive update on the dynamic world of air cargo, logistics, and supply chain was presented to you by #Cargoshots powered by Group Concorde! ✨ In this engaging series, we unveil the latest developments: - Qatar Airways Cargo welcomes Mark Drusch as the new Chief Officer Cargo. With over 25 years of experience in senior airline management, Mark brings a wealth of expertise to our team. 🌍✈️ - The global air cargo industry witnessed an impressive upswing in December 2023, with demand surging by an astounding 10.8%. This marks a significant milestone, signaling growth and resilience in international operations. 📈🌐 - UPS is embarking on a strategic path to shape its future. The company will streamline operations by reducing 12,000 jobs, aiming to save $1 billion in 2024. This "Fit to Serve" initiative is part of their commitment to ensure long-term growth and efficiency in their operations. 📦💼 - DSV - Global Transport and Logistics, a key player in the logistics industry, navigated challenges in 2023, reporting a 30% decline in profit. This dip is attributed to shifting market dynamics, with gradual normalization in freight rates and gross profit yields. The appointment of Jens Lund as the new Group CEO marks a fresh chapter in #DSV's journey. 🌍🚢 Boeing faced its own challenges in 2023. They reported a $283 million loss in Q4, bringing their full-year loss to $773 million. Despite these hurdles, #Boeing demonstrated resilience with a 10% revenue increase in the fourth quarter, emphasizing their commitment to delivering top-notch commercial airplanes. ✈️💰 Stay tuned with Cargoshots to remain well-informed about the latest developments and trends in the world of air cargo, logistics, and supply chain! 🙌 #Cargoshots #AviationNews https://lnkd.in/dFYnRsr9

Potential supply chain disruptors, once the exception are now the norm. Advanced planning and partnering with the right service providers are key. Check out this and a number of other topics in the latest Freight Market Update below.

After The Nordic Air Cargo Symposium in Stockholm, I had some time to reflect on the topics we discussed and the solutions we proposed. I’m pleased to report that the air cargo market has recovered to its pre-COVID capacity levels, driven by e-commerce and positive global trade trends. ✈️   At the event, we delved into the current trends of the North European air cargo market, Norwegian operations, and sustainability matters. I believe the North European market serves as a significant barometer for global and regional trends. For example, our operations in Norway, including the export of Norwegian salmon to China, highlight the necessity of diversifying cargo opportunities to avoid over-reliance on single markets. At Strike Aviation, we are expanding our range of goods in Norway and other markets to diversify our service offerings.   However, challenges remain. Restrictions over Russian airspace have increased costs for European carriers, benefiting Chinese and Middle Eastern counterparts. This poses a competitive disadvantage for European carriers, as their Chinese and Middle Eastern counterparts, unaffected by these restrictions, gain an edge. 🗺️   I had a sitdown with Freightweek recently, you can read more about my thoughts in the full article here: https://bit.ly/a5sf3   #StrikeAviation #AirCargo #Freightweek #Logistics #MarketTrends #NordicAirCargoSymposium #StrikeAviationGroup

Welcome back to another episode of #Cargoshots, presented by Hactl - Hong Kong Air Cargo Terminals Limited. Nikitha Sebastian has some thrilling developments lined up for you. 📦 1. Emirates SkyCargo Expands its Fleet In a major boost to its operations, Emirates #SkyCargo has ordered five additional Boeing 777 #freighters. This $1 billion investment will see deliveries starting in 2025, taking the airline's fleet of #Boeing 777Fs to 21 by December 2026. With its eyes set on expanding global reach, the airline is also considering the Boeing 777-8F and Airbus A350F for future growth. It’s all about getting ready for the next chapter in air cargo! 📊 2. Financial Results: A Mixed Bag From Boeing to leading logistics giants like DSV - Global Transport and Logistics and Kuehne+Nagel, it’s been an eventful quarter: • Boeing reported a $6.2 billion net loss in Q3 due to work stoppages and charges. CEO Kelly Ortberg acknowledged that changes are needed to steer the company back to its former glory. • #DSV, on the other hand, is riding high, reporting a 25% revenue increase driven by robust air and sea freight volumes. • #KuehneNagel saw a 6% rise in earnings, although their air logistics EBIT dropped 23%. The shift towards flexible logistics solutions has been their saving grace amid supply chain disruptions. ✈️ 3. Etihad Cargo’s Winter Boost Etihad Cargo is gearing up for the winter with a massive increase in belly capacity. Adding #Nairobi as a new passenger destination and boosting flights across major routes, they will provide belly hold capacity on over 900 weekly flights by March 2025. Expect more flights, larger aircraft, and expanded reach into Europe, Southeast Asia, and the U.S. 📈 4. Cargo Growth at Major Hubs Singapore’s Changi Airport Group and #HongKong International Airport are reporting strong growth for Q3 2024: • #Changi handled 512,000 tonnes of airfreight, up 13.5% year-on-year. Top markets included Australia, China, Hong Kong, India, and the U.S. • Hong Kong Airport (Airport Authority Hong Kong) saw a 10.2% increase in September, driven by higher transshipment and export volumes, leading to a 15.9% overall rise over the past 12 months. The global air cargo industry is gaining altitude! 🌍 5. MY FREIGHTER’s New Destination #Uzbekistan’s My Freighter is expanding its network, announcing a new route between Zhengzhou and Liege Airport, with four weekly flights using Boeing 767-300 freighters. This move aligns with their new interline agreement with Challenge Group, aiming to strengthen connectivity between Asia and Europe. Watch this space! 💬 These are just a few highlights from a packed week in the air cargo world🚀📦 #AirCargo #CargoShots #HACTL #Logistics #AviationNews