Weekly Cargo Highlights: Key Updates from January 13-17, 2025
As CNY and slack season approach, the ocean price-cutting begins
Transpacific spot rates declined for the first time in a month as the threat of a US east and Gulf port strike diminished and pre-Chinese New Year (CNY) front-loading concluded. Significant price discounting continued on Asia-Europe trades, with little hope of recovery before CNY begins on 29 January. Source
Air cargo still flying high as capacity stays tight, but rates are slipping
Air cargo capacity increased by 5% compared to the previous year, with notable rises on routes from Asia Pacific to Europe and North America. Despite the capacity growth, rates have begun to slip, though they remain above 2024 levels. Source
Lufthansa Cargo to restart Tel Aviv freighter flights
Lufthansa Cargo announced the resumption of Boeing 777 freighter flights from Frankfurt to Tel Aviv on January 22 and 29, with plans to operate four weekly Airbus 321 freighter flights starting February 1. This move is part of the Lufthansa Group's broader initiative to enhance connectivity to Tel Aviv. Source
Chilean cherry exporters leverage new tech for rampant China exports
Chilean cherry exports to China have surged, driven by increased production and the adoption of new technologies. However, the shorter sales window before the lunar new year and competition from producers closer to China have exerted downward pressure on prices. Source
Céline Girard takes on key airfreight role in US for Hellmann
Hellmann Worldwide Logistics appointed Céline Girard as head of airfreight operations & healthcare for the Americas. With over 18 years of global logistics experience, she will focus on enhancing airfreight performance and healthcare offerings across the region. Source
TAM expands in Latin America with new Mexico office
TAM Group, a leading Global Sales and Service Agent (GSSA), has opened a new office in Mexico City to meet the increasing demand for air cargo services in Latin America. This strategic expansion complements TAM Group's robust presence in the region. Source
2024 marks record air cargo year for Vienna Airport
Vienna Airport reported handling 297,945 tonnes of cargo in 2024, marking a 22% increase compared to the previous year and a 5% rise over pre-crisis 2019 levels. The growth underscores the airport's expanding role in global air cargo logistics. Source
South Korean low-cost carriers target growing air e-commerce traffic
South Korean low-cost carriers (LCCs) are expanding their air cargo services to capitalize on the growing e-commerce market. The consolidation of Korean Air and Asiana Airlines is expected to create a larger LCC, enhancing cargo offerings to meet increasing demand for smaller items like electronics and clothing. Source
At Aviate Logistics, we specialize in multimodal logistics solutions tailored to your unique needs. From air freight and ocean freight to seamless road transportation, we deliver reliable and cost-effective freight solutions to help your business thrive. Contact us today to explore how multimodal freight can transform your supply chain.
