Air Freight News

Freightos Data’s Air Cargo Pricing Index helps navigate unprecedented volatility

Oct 14, 2021

Global supply chains have experienced unprecedented volatility, fueled by heightened demand, COVID-shutdowns, congestion, and more. This has pushed freight rates to all-time highs. For example, air cargo spot prices from Germany (FRA) to China (PVG) have skyrocketed 2.2X over the last three months to $3.53/kg.

Fluctuating prices and changing capacity challenge carriers, forwarders, and importers/exporters struggling to accommodate the current freight landscape. In an effort to provide transparency and support decision making, Freightos Data, part of the Freightos Group,

is launching the Freightos Air Index, a groundbreaking air cargo index based on transactional air cargo prices. FAX provides comprehensive pricing visibility across weight breaks, trade lanes, and hundreds of airport pairs. The index is published each Sunday with data from the prior week.

“The Digital Air Cargo revolution transformed air cargo into a modern, real-time and digitalized industry. eBookings on WebCargo by Freightos already encompass over 30 airlines and thousands of forwarders, with bookings growing 12X year on year,” said Zvi Schreiber, CEO of the Freightos Group. “Real-time booking paves the way for real-time industry transparency.

We’re proud to offer the same visibility to the air cargo industry that we’ve provided for ocean freight with the Freightos Baltic Index.”

“The highly volatile air freight markets during the pandemic showed once again how important it is to have transparency on market developments,” said Matthias Mentschel, Head of Global Warehouse & Transportation at Bayer. “Better information leads to better decisions, which in the end benefits our patients & consumers.”

The FAX is in a free open beta phase, as additional lanes and features continue to be made available. It consists of a headline index of pricing across global air cargo lanes, weighted based on trade lane activity, as well as price comparisons across trade lanes, airport pairs, and weight breaks.

Similar Stories

Aviance Ghana Ltd implements CHAMP’s Cargospot Handling

CHAMP supports fully remote implementation, as well as training process via CHAMP Academy

View Article
Avianca seeks approval for plan that cuts airline’s debt by $3 billion

(Bloomberg) -- Avianca Holdings SA will ask a judge to approve a bankruptcy plan that the airline says will eliminate about $3 billion in debt and preserve over 10,000 jobs.  

View Article
UPS profit tops estimates on pricing, e-commerce strength
View Article
Heathrow hiring spree held back by drivers fleeing to Amazon

London Heathrow airport, gearing up to add hundreds of staff to handle a long-awaited rebound in travel, is seeing some of its existing workers poached by Inc.

View Article
Lufthansa awards WFS’ first cargo-only handling contract in Brazil
View Article
Double-whammy for Hactl in AFLAS awards

Hong Kong Air Cargo Terminals Limited (Hactl) and its value-added logistics subsidiary, Hong Kong Air Cargo Industry Services Limited (Hacis), have both scored at this year’s Asian Freight, Logistics and…

View Article