The global air cargo spot rate flattened to USD 2.19 per kg in August, its lowest level since the onset of the pandemic as another weak summer month saw chargeable weight edge -1% lower for a fourth consecutive month, according to the latest weekly market analysis from CLIVE Data Services, part of Xeneta. While shippers and forwarders continue to benefit from the overall decline of general air freight rates, rising jet fuel prices should concern an already contracted market, with the US gulf coast jet fuel spot price jumping 21% month-over-month. August saw global air cargo capacity rise +7% year-on-year, while CLIVE’s global dynamic load factor analysis, which measures cargo load factor based on both volume and weight perspectives of cargo flown and capacity available, climbed one percentage point about the previous month to 56%. But it is worth noting that the August global load factor continued to fall year-on-year, down 3% from last year’s level. Softened global demand and the capacity surge were the main reasons behind this. The data dampens some industry reports of a slight spike in demand in August, leading to hopes of a rise in volumes going into the final four months of the year. “We are picking up signals that it could take another few quarters before we see more demand on a global level,” said Niall van de Wouw, Chief Airfreight Officer at Xeneta. “August was very quiet, like July, and we see no meaningful signals from a qualitative or quantitative point of view of any kind of peak arising this year. There might be some early peak season charter requests floating around but they are backed up by very little demand. The …
Read More »‘Best Warehousing Company’ award goes to Aaj Enterprises
Aaj Enterprises was honoured with ‘Best Warehousing Company’ award at recently concluded India Cargo Awards 2023 in New Delhi. Piyush Srivastava, IES, Senior Economic Advisor graced the occasion as the Chief Guest. Known as the “Oscars of the Cargo Industry,” the India Cargo Awards 2023 hosted by Cargo Talk (DDP Group Publication) serves as an all-India platform created with a vision to recognise excellence in the Cargo-Freight-Logistics Industry across various domains, including Rail, Road, Air, Sea, Allied Services, Warehousing, Technology, 3rd Party Logistics, and more. Our world-class awards ceremonies are known for their formal Black-Tie affair, filled with glitz and glamour, attended by the most influential personalities in the industry.
Read More »CSMIA records 318% surge in mango exports from 2022 to 2023
Chhatrapati Shivaji Maharaj International Airport (CSMIA), with a remarkable 318 per cent surge in mango exports from 2022 to 2023, has firmly established itself as the premier hub for mango exports in India. CSMIA has not only demonstrated its expertise in handling perishable goods but has also solidified its position as a vital player in the global perishable trade. In the year 2022, CSMIA played a pivotal role in enabling the export of 1,123 tons of mangoes. Advancing to the year 2023, this figure has witnessed an astonishing surge, reaching an impressive 4,700 tons. This exponential growth is a testament to CSMIA’s indispensable contribution to expanding the global presence of India’s delectable mangoes. Moreover, it highlights the airport’s contribution in driving India’s mango exports. The key aspect contributing to this ground-breaking achievement is the recent approval granted by the United States Department of Agriculture (USDA) for the export of Indian mangoes to the United States. This milestone development opens up the market for Indian mangoes in the USA, marking a significant moment for mango lovers. This approval comes after a hiatus in mango exports to the USA since 2020, primarily due to travel restrictions imposed on the USDA inspectors to visit India during COVID-19 pandemic.
Read More »New Managing Committee of ACAAI takes charge in Mumbai today
The Air Cargo Agents Association of India (ACAAI) is all set to organise its 53rd Annual General Meeting (AGM) in Mumbai today. The new Managing Committee will assume office today, and will take over the complex and multifarious responsibilities of managing the affairs of ACAAI. This year ACAAI will be holding its 47th annual Convention at Kuala Lumpur, Malaysia from 23rd to 26th November 2023. ACAAI has been the voice and representative Association of the airfreight industry for more than five decades now. During this period, our Association has dealt with numerous issues and challenges, often with great success.
Read More »Celebi commences ground handling services at Chennai International Airport
Celebi India commenced its ground handling services at Chennai International Airport. Airlines have started entering into ground handling service contracts with Celebi. Recently, US Bangla Airlines and YTO Cargo signed a ground handling contract with Celebi to look after their ground handling requirements at Chennai airport. Celebi has gone the extra mile, installing state-of-the-art infrastructure to offer quality ground handling services. Over 750 dedicated employees will be engaged by the end of this year to ensure airlines and passengers receive seamless, on-time service. Now scheduled and non-scheduled airlines at domestic and international terminals can avail themselves of Celebi’s comprehensive ground handling services. Tauseef Khan, CEO of Ground Handling Celebi India, said, “We recognize the importance of Chennai Airport as a key gateway for travellers, and we are excited to contribute to its growth and efficiency. Long wait times for baggage on arrival and extended queues at check-in will now be a thing of the past once passengers experience the services provided by Celebi. Our commitment to building a sustainable ecosystem and expanding our capacity to handle the ever-growing number of passengers is unmatched. Our team of highly skilled professionals will ensure that passengers’ needs are met with the utmost care and attention. With state-of-the-art electrical equipment and facilities at our disposal, we will provide passengers with an experience that is smooth, hassle-free, and truly exceptional. This launch marks a significant milestone for Celebi India and Chennai Airport, strengthening our commitment to delivering world-class ground handling services in the aviation sector and providing a superior experience for all passengers traveling through this vibrant gateway.” Chennai International Airport is the ninth airport in India for Celebi after successful operations at major airports …
Read More »‘Asia Shipping wins ‘Best Ocean Freight Forwarding Co.’ award’
Asia Shipping International Transport India was felicitated with ‘Best Ocean Freight Forwarding Company’ award at recently concluded India Cargo Awards 2023 in New Delhi. Piyush Srivastava, IES, Senior Economic Advisor graced the occasion as the Chief Guest. Known as the “Oscars of the Cargo Industry,” the India Cargo Awards 2023 hosted by Cargo Talk (DDP Group Publication) serves as an all-India platform created with a vision to recognise excellence in the Cargo-Freight-Logistics Industry across various domains, including Rail, Road, Air, Sea, Allied Services, Warehousing, Technology, 3rd Party Logistics, and more. Our world-class awards ceremonies are known for their formal Black-Tie affair, filled with glitz and glamour, attended by the most influential personalities in the Cargo Industry.
Read More »ACAAI partners with Cargo Talk for 47th Annual Convention in November
Cargo Talk is glad to announce its Exclusive Media Partnership with The Air Cargo Agents Association of India (ACAAI) for its upcoming 47th Annual Convention which will be held at Hotel Westin Kuala Lumpur, Malaysia from 23rd to 26th November 2023. The Theme of the Convention this year is ‘AI The Game Changer – Embracing the Intelligent Future.’ Throwing light on the same, C K Govil, CMD, Activair Airfreight says, “Efficient air cargo operations, optimised logistics and an improved customer experience are what AI can bring to our industry. It has the power to ease bottlenecks at airports, make data transparent and well organised, and optimise storage in warehouses and planning for flights. AI can facilitate information collection, processing, and flow, thus reducing disruptions in the supply chain. Besides tracking shipments in real time, AI can predict delays based on previous data. This can help the industry players save time and money and prevent interruptions in air cargo deliveries. We have seen AI-enabled chatbots strengthening customer support in many industries. It will bring about a similar change in the way we manage customer queries and make air cargo booking and reservations simpler.”
Read More »Manohar Int’l Airport receives 1st international cargo shipment
Manohar International Airport (MOPA), Goa commenced international cargo operations and accepted first cargo shipment in the presence of Navraj Goyal, IRS Commissioner of Customs, Custom House agents, and other officials and dignitaries. “I sincerely thanks & appreciate Air India, KAYBEE Exports, Indian Customs, ICEGATE Systems, DG Systems, CISF and all the Government & Air Cargo Stakeholders for their Contributions and Participation,”said Purushottam Singh Thakur, Business Head – Cargo, GMR MoPA.
Read More »Block your dates for ‘Cold Chain Unbroken’ on 14-15, Bengaluru
Block your dates for India’s highly anticipated and power-packed show on cold chain storage and transportation. Being organized by WIZ, Cold Chain Unbroken (CCUB) 2023 will be held on 14-15 September at Taj Bengaluru. The key points of discussion will include cold chain storage, handling and transportation, adequate infrastructure and skilled manpower for ground handling and transportation of products such as pharma and perishables, tech integration, government policies to facilitate EoDB and a lot more. Several industry stalwarts and stakeholders, including airports, airlines, freight forwarders, shipping lines, trucking companies, custodians are expected to take part in the show. The two-day event will provide a platform to meet and exchange ideas and collaborate.
Read More »MoU signed to develop CFS, ICDS, MMLPs in Bangladesh
Pristine Logistics & Infraprojects (PLIL) has signed a memorandum of understanding with Summit Alliance Port (SAPL), to expand its operations in Bangladesh and develop rail-linked Inland Container Depots (ICDs), Container Freight Stations (CFSs), and Multi Modal Logistics Parks (MMLPs) at strategically vital locations in Bangladesh. The key focus of this alliance is to establish joint venture companies that will be responsible for handling a significant portion of Bangladesh’s containerised cargo, plays a pivotal role in the country’s trade.
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