Load Factor in Air Freight
The load factor in air freight is a crucial ratio that indicates how effectively available cargo space on an airplane is used. It is determined by dividing the volume or weight of cargo carried by the airplane by the overall cargo capacity. A higher load factor shows that a greater percentage of available space is being utilized, which increases overall operational efficiency. This statistic is especially essential for air cargo carriers because it has a direct impact on profitability and cost efficiency.
CargoWise integrates the load factor into its cargo management tools, allowing logistics organizations to track and optimize cargo space consumption. Businesses can increase their profitability by assessing the load factor and identifying underused capacity. This data-driven strategy enables air freight operators to make better decisions about pricing, scheduling, and capacity management. Optimizing load factors keeps air freight operations competitive while decreasing waste and transportation costs.