Price Trends: Air
in the NewsState of Logistics 2016: Pursue mutual benefit 3PL sector sees annual revenue gains, reports Armstrong International Air Transport Association Drives New Partnership With Global Forwarders Overnite Transportation Founder J. Harwood Cochrane passes away at 103 Accraply acquires Harland Machine Systems of England More News
Transaction prices for flying freight on U.S.-owned airliners’ scheduled flights increased 1.2% in February. Meanwhile, prices for flying cargo on chartered flights plunged 10.1%, and even air courier tags deflated half a percentage point. The airline industry’s aggregate prices and underlying operating costs both peaked in July 2008 before falling to the May 2009 low. From that low to February 2010, prices for all services have increased 8.7% and prices for air cargo (on scheduled flights) have grown only 5.4%. Industry costs, however, jumped 10.4% due largely to a 63% surge in fuel costs. Demands from recession-battered buyers will likely constrain air cargo annual inflation rates to 2.3% in 2010 and 0.2% in 2011.
|% Change vs.||1 month ago||6 mos. ago||1 yr. ago|
|Scheduled air freight||1.2||4.8||-1.2|
|Chartered air freight & passenger||-10.1||0.9||-0.9|
|Domestic air courier||-0.5||8.1||12.8|
|International air courier||-0.4||5.4||8.6|
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
2016 State of Logistics: Third-party logistics 2016 State of Logistics: Ocean freight View More From this Issue