What Isn’t Measured Doesn’t Change.
Welcome to the April 2024 edition of the WebCargo Digital Air Cargo (DAC) Monthly Report. March saw a 20% surge in global air cargo rates, largely fueled by rising B2C eCommerce shipments from China and Red Sea shipping diversions shifting demand to air freight.
In March, eBooking adoption also grew, with major carriers like Delta Cargo that launched for domestic US shipments on both WebCargo and 7LFreight, Norse Atlantic Airways launched from Norway (OSL), and Emirates SkyCargo opened from Greece and added AXS pharma shipments. Atlantic Airways enabled interlining, Fits Cargo launched in India, TAP Cargo added perishable shipment capabilities, ITA Cargo added Rome to Chicago and Toronto, and Turkish Airlines Cargo gave access to bookable, dynamic rates worldwide.
With eBooking acceptance rates stable at 95%, airlines representing 66% of total industry capacity are now on digital platforms—a 16% increase since Q1 2023.
This month’s report features Q+A with Esen Dogan, VP Global Head of Payments, Freightos Group, discussing WebCargo’s payment solution, WebCargo Pay, how it creates new opportunities and addresses common air cargo payment pain points faced by forwarders and airlines, and what the future of payments in the industry might hold.
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
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