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I-Motion boosts Belgium-Hull connectivity
LONDON: May 23, 2018. Ghent-based I-Motion shippin...

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MAB kicks of CEIV certification process
KUALA LUMPUR: May 22, 2018. MABkargo has launched ...

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BEST adds lift capacity with crane order
BARCELONA: May 22, 2018. Hutchison Ports' Barcelon...

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DHL targets Latin America with Suppla buy
BONN: May 22, 2018. DHL Supply Chain has acquired ...

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Geodis makes it simple for customers
LEVALLOIS-PERRET, France: May 23, 2018. Geodis has...

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Port of Charleston gets an A rating
CHARLESTON, SC: May 21, 2018. South Carolina Ports...

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Panalpina joins blockchain alliance
BASEL: May 22, 2018. Panalpina has joined the Bloc...

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Miami wins logistics award
MIAMI: May 21, 2018. Miami International Airport w...

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VGI acquires stake in Kerry Express
HONG KONG: May 17, 2018. Thailand's VGI Global has...

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I-Motion boosts Belgium-Hull connectivity
MAB kicks of CEIV certification process
BEST adds lift capacity with crane order
DHL targets Latin America with Suppla buy ...
Geodis makes it simple for customers
Port of Charleston gets an A rating
Panalpina joins blockchain alliance
Miami wins logistics award
VGI acquires stake in Kerry Express

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OSLO: December 14, 2017. Ocean rate platform Xeneta is adding air cargo rates to a product suite that it says will "bring fresh levels of transparency to the volatile air freight market".

Xeneta has been collecting real-time global shipping data since 2012 and now covers over 160,000 port-to-port pairings and 35 million contracted rates. The company says it now wants to do the same for the air cargo industry.

DP"There is a clear market demand for a benchmarking tool enabling the industry to get optimal value from airfreight rate negotiations," claimed Xeneta CEO Patrik Berglund. "The sector is equally, if not even more, unpredictable than that of ocean freight rates, with prices currently sky rocketing due to lack of capacity and increasing e-commerce demand, amongst other factors.

"This is bad news for everyone, especially those who want to ensure they get products on the shelves at peak periods, such as Christmas," he added.

Berglund's comment coincides with a Lufthansa Cargo announcement that it has been operating extra MD11 charter capacity for Deutsche Post between Frankfurt and New York "in the service of Santa Claus". According to Alexis von Hoensbroech, Chief Product and Sales Officer, "we have never before organized so much additional cargo space on such short notice." 

Xeneta said it plans to launch its new airfreight service in Q2 2018, based on its crowd-sourcing ocean data collection model, for users to see the average market rate for origin and destination-based pairings based on spot and long-term airfreight contracts.

"We'll be giving users instant access to the latest air freight rates on worldwide routes, sourced from reliable, leading global businesses," Berglund continued. "We're already collecting rates from our established user base, and seeking more early adopters to help expand data collection. At the moment we're adding over two million contracted rates monthly for ocean shipping and we'll be looking to more than double our overall rate density for both modes of transports collectively in 2018."

Earlier this month the company announced it had added ocean refrigerated container rates to its platform. Shippers can expect a similar move for airfreight next year.

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