Xeneta announced its Air Freight offering now includes short- and long-term rate data as well as the integration of CLIVE Data Services’ dynamic load factor and capacity data.
“Companies must be able to make informed decisions, based on the latest trends and fluctuations in the market. Our integration with CLIVE’s dynamic load factor data supports this mission where together we offer integrated air freight intelligence to make smarter air freight decisions,” reads a post from Xeneta blog.
“The enhanced Xeneta for Air Freight delivers a new level of insight into the very latest air cargo developments to help users make sense of the increasingly complex and volatile air freight sector,” it mentioned.
Throughout the past year, Xeneta says, it has been gathering feedback from its customer base, understanding and helping them to navigate the current disruption. “The upheaval and record-high rates and capacity crunches faced on the ocean side are trickling over to the air freight market. Thus, the need to be on top of the two most volatile markets, ocean and air, with on-demand rate and supply-side data is important.”
“We saw that in such a dynamic environment, our air freight customers found that contracted rates simply weren’t actionable and spot rates played ‘by a new set of rules’, with fluctuations that are both difficult to predict and stay abreast of. That’s why we added the ability to view short-term, long-term rates and/or combined allowing customers to look up rates and act on them no matter the market conditions or unforeseen events,” the blog post added.
CLIVE Data Services’ dynamic load factor challenges the industry’s traditional methodology of measuring load factor based purely on weight utilisation which presents a misleading picture of how full flights are. Based on the fact that flights nearly always cube out before they weigh out, CLIVE’s analyses consider both the volume and weight perspectives of cargo flown and capacity available, presenting the most accurate update of cargo demand and how airlines are performing.
