What Isn’t Measured Doesn’t Change.
Welcome to the March 2024 edition of the WebCargo Digital Air Cargo (DAC) Monthly Report. Following the Lunar New Year, February saw an 8% drop in global air cargo rates, with some ocean-to-air shifts occurring due to disruptions in Red Sea shipping routes. This resulted in congestion at key hubs like Bangkok and Dubai, though rates on these routes eased by month’s end. Air freight from India to North America saw a notable 16% rise, reflecting heightened demand.
In February, eBooking adoption continued to expand as Virgin Atlantic, Japan Airlines, Norse Atlantic Airways, Carousel Logistics and Avianca joined WebCargo enabling eBooking from a great number of countries. Chapman Freeborn, Emirates, and Plus Ultra launched services across new global routes.
This month’s report features Q+A with Joyce Tai, EVP Worldwide Partnerships, Freightos Group, discussing the recent trends in Indian air cargo and how they align with opportunities for digital air adoption, the current state of digital air cargo in India, and also, some initiatives WebCargo has introduced to support the Indian market.
WebCargo’s acceptance rate remains stable at 95%, supported by strong API and platform connectivity.
Read the full report that includes air cargo industry digitization updates such as:
- Percentage of air cargo capacity available for eBooking
- Airline eBooking efficiency
- WebCargo progress
