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25 Million Jobs at Risk with Airline Shutdown

  25 Million Jobs at Risk with Airline Shutdown Geneva – The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis. Globally, the livelihoods of some 65.5

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TAC Index: Airfreight rates continue to increase but signs of a slowdown

  By Damian Brett   Airfreight rates on the main trade lanes out of China and between Europe and the US increased again last week as capacity is “rapidly” coming back into the market. The latest figures from TAC Index show that average prices on services from Shanghai to North America last week increased by 15% on a week earlier to $6.59 per kg. This a record on the route for the TAC Index

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Air Cargo Bottlenecks Could Put Lives at Risk- Urgent Government Action Required

    Geneva – The International Air Transport Association (IATA) and its members renewed their call to governments to take urgent measures to ensure that vital air cargo supply lines remain open, efficient and effective.  “Air cargo is a vital partner in the global fight against COVID-19. But we are still seeing examples of cargo flights filled with life-saving medical supplies and equipment grounded

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Forwarders brace for transatlantic capacity crunch

By Damian Brett   Freight forwarders are bracing for capacity shortages on the transatlantic as airlines axe capacity between Europe and the US. Over the weekend, the US announced that travellers from the UK and Ireland would join 26 other European nations on its banned list. As a result, carriers have been ramping up capacity reductions between the US and Europe. Although cargo aircraft are not included

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China airfreight rates continue to surge

17 / 03 / 2020 By Damian Brett   Airfreight rates out of China have rapidly increased over the last week, but thoughts are now turning to the impact of lower consumer demand in Europe and the US. The latest TAC Index figures show that average airfreight rates on services from Shanghai to the US last week increased by 29.7% on the prior week to reach $4.71 per kg. On services from Shanghai to Europe there was a

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