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Online marketplace Airblox signs up Vietnam-based HPW Cargo
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New online marketplace Airblox signs up Vietnam-based HPW Cargo to trade air freight capacity
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Aviation fintech Airblox will launch a live feed of global scheduled air cargo capacity to support users of its electronic Block Space Agreement (eBSA) booking service. The new live feed allows users to view upcoming capacity and make informed business decisions by lane while making bids for and securing eBSAs at competitive prices, according to
With the heavily reduced use of belly cargo on passenger flights due to the decline in passenger aviation, carriers and shippers have utilized converted passenger freighters and charter agreements to combat capacity issues. The uncertainty has increased freight forwarder concerns around block space agreement (BSA) negotiations due to risks around long-term rate commitments in a […]
Ex-Asia air freight rates surge again this week
Will Waters and Stuart Todd | 2021-04-28 14:06:37.0
Shanghai-LAX spot prices have risen by almost 15% in the week to 26 April having already rebounded to ‘super-peak’ levels even before this latest increase
Ex-Asia air freight spot prices have surged again in the last week above their already “super-peak” levels, with prices from Shanghai to the US west coast rising by almost 15% in the week to 26 April, according to figures from TAC Index.
The latest price spike builds upon rates that have already surged by more than 50% in the past few weeks, rebounding back to and beyond their super-peak level in December to an average of US$8 per kilo. As reported last week, average prices from China and Hong Kong to the US had risen by mid-April by more than half in just four weeks even before this week’s increases.
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