Freight Factors Air and Sea Freight News

February 2009

British Airways World Cargo has announced a reduction to its fuel surcharge. The surcharge will be GBP0.37 / USD0.55 / EUR0.55, with effect from 23 February 2009.

November 2008

British Airways World Cargo has announced a reduction to its fuel surcharge. The surcharge will be GBP0.54 / USD0.80 / EUR0.80, with effect from 10 November 2008.

The fuel surcharge reduction follows a second consecutive week that the fuel index has been below the level 16 threshold.

September 2008

British Airways World Cargo has announced a reduction to its fuel surcharge. The surcharge will be GBP0.72 / USD1.10 / EUR1.10 with effect from 11 September 2008.

The fuel surcharge reduction follows a second consecutive week that the fuel index has been below the level 22 threshold. The index was developed by BA World Cargo to provide customers with more information about the calculation of fuel surcharges. It is updated every week and posted on this website.

August 2008

Peak season surcharge postponed

Shipping lines operating on the Asia-northern Europe trade have postponed the peak season surcharge (PSS) recommended by the Far Eastern Freight Conference (FEFC) after westbound volumes declined in June - the first drop in seven years.

August 2008

Finally a downward move for the airfreight fuel surcharge. British Airways World Cargo was one of the first to announce a reduction in its fuel surcharge to GBP0.84 / USD1.30 / EUR1.30, with effect from 21 August 2008. The fuel surcharge reduction follows a second consecutive week that the fuel index has been below the level 26 threshold. "High fuel prices remain a very real challenge for the industry. However, recent weeks have seen some relief with prices falling, triggering a decrease in our fuel surcharge in line with the index," a spokesman said.

July 2008

Statement on fuel surcharge (17/07/2008)

British Airways World Cargo has announced an increase to its fuel surcharge. The surcharge will be GBP0.87 / USD1.35 / EUR1.35, with effect from 31 July 2008. The fuel surcharge increase follows a second consecutive week that the fuel index has been above the level 27 threshold. The index was developed by BA World Cargo to provide customers with more information about the calculation of fuel surcharges. It is updated every week and posted on this website. Adam Carson, senior manager revenue management, said: "With the price of fuel continuing to escalate, it is necessary for us to increase our fuel surcharge in line with the index."

June 2008

Statement on fuel surcharge (30/05/2008)

British Airways World Cargo has announced an increase to its fuel surcharge. The surcharge will be GBP0.75 / USD1.15 / EUR1.15, with effect from 13 June 2008. The fuel surcharge increase follows a second consecutive week that the fuel index has been above the level 23 threshold. The index was developed by BA World Cargo to provide customers with more information about the calculation of fuel surcharges. It is updated on a weekly basis and posted on this website. Adam Carson, senior manager revenue management, British Airways World Cargo, said: "Fuel prices continue to climb and as a result it is necessary to increase our fuel surcharge, in line with the index."

May 2008

Nigeria introduces Advance Cargo Information fee for air freight

The Federal Airports Authority of Nigeria has introduced an Advance Cargo Information fee of US $1.10 per kilo on every kilo of cargo imported into Nigerian Airports. May 16 was the implementation date. The ACI fee is to be collected by the airline and remitted to FAAN via its authorised concessionaire for collection - Data Aviation Development. The Cargo Managers' Forum in Lagos, which represents nearly all the airlines importing cargo by air into Nigeria, has lodged strong objection to the introduction of the fee. At the time of writing, there was no news of a response from the authority and airlines were therefore forced to levy the fee.