This glossary provides definitions for common terms related to Xeneta's air freight platform and the Air Advanced add-on.

A

Aggregation

Aggregation in Xeneta is both the process and the result of combining multiple air freight rates (or other types of market data) to produce a single benchmark value that you could compare your performance to.

Airline

Airlines are the companies that own and operate a fleet of aircraft and provide air freight services. Airlines are the air freight equivalent of carriers in ocean freight.

Airline rate

Airline rates are rates that airlines charge for their freight services.

C

Capacity

Capacity (or market capacity) in Xeneta refers to the total amount of aircraft space that was available for booking within a given time period.

Chargeable weight

Chargeable weight refers to the amount of cargo that was used to calculate the rate charged to transport the goods.

Coverage

Coverage refers to the percentage or amount of trade lanes found in your rates where Xeneta has enough market rate data to provide a benchmark (or comparison).

Covered spend

Covered spend refers to the amount of your total spend across trade lanes where Xeneta has coverage.

Covered volume

Covered volume refers to the volume of your cargo shipped on trade lanes where Xeneta has coverage.

D

Dynamic load factor

Dynamic load factor refers to the highest value between the volume and weight load factor .

F

Flat rate

Flat rates are your rates available in Xeneta that don't have an assigned weight bracket . Flat rates are still compared to the market and have an assigned service level .

To learn more, see Flat rates.

Freight forwarder

Freight forwarders are companies who co-ordinate the movement of cargo on behalf of shippers .

Fuel surcharge

Fuel surcharges are typical charges imposed by airlines to cover the fluctuating costs of fuel and are included in the market rates shown in Xeneta.

G

General cargo

General cargo is any regular cargo that doesn't fall under the special cargo category.

Geo-hierarchy

Geo-hierarchy (or regional hierarchy) refers to the way Xeneta organizes airports across the world into regional groupings based on their proximity and rate similarity.

To lean more, see Aggregation and geo-hierarchy.

L

Load factor

Load factor (or capacity utilization) is the ratio between the amount of cargo that was actually flown and the total available cargo capacity.

M

Market benchmark

Market benchmarks are market segments (or positions) that Xeneta calculates using its database of market data that serve as reference points used to compare your performance against the market.

To learn more, see Market segments.

Market metric

Market metrics are a set of filters available in Xeneta that allow you to adjust the market data you see in our platform to more accurately position your rates against the market.

To learn more, see Market metrics.

P

Passive

Passive refers to the name of one of the service levels available in Xeneta that is assigned to rates for shipments that require passive temperature-controlled packaging.

To learn more, see Temperature-controlled cargo.

Peak season surcharge

Peak season surcharges are typical charges imposed by airlines that apply to imports from Asia to cover operational costs incurred during the peak season that usually lasts from June 1 to October 31. Peak season surcharges are included in the market rates shown in Xeneta.

R

Region

Regions are broad geographic locations that can contain multiple multiple airports in a specific area. For example, East China or North Europe.

To learn more, see Aggregation and geo-hierarchy.

S

Seasonal rate

Seasonal rates are rates charged by airlines that are valid for longer than one month.

Security surcharge

Security surcharges are typical charges that cover additional security measures mandated by airports that are included in market rates shown in Xeneta.

Service level

Service levels are categories that Xeneta assigns to your air freight rates based on characteristics like as cost, transit time, and type of cargo to make them more comparable to market rates.

To learn more, see Service levels.

Shipper

Shippers are entities that initiate the process of cargo transportation, hiring freight forwarders to ship their goods from the place of origin to their destination.

Shipper rate

Shipper rates or market rates are contracted rates paid by shippers to transport their cargo.

Special cargo

Special cargo is any type of cargo that requires special attention — dangerous goods, perishables, pharmaceutical products, an so on.

Spend

Spend is your volume multiplied by the rates that you paid to ship your cargo.

Spot rate

Spot rates are rates charged by airlines that are valid up to one month.

Spot share

Spot share refers to the share of air cargo sold for spot rates .

Surcharge

Surcharges are various extra fees charged by airlines or freight forwarders on top of standard rates to cover additional risks and expenses like fuel , security, or seasonal costs.

T

Tender group

Tender groups are a way to organize your reports in Xeneta's Tender benchmark tool.

Trade corridor

Trade corridors (or simply corridors) in Xeneta are air freight routes between two larger geographic regions. For example, Asia — Europe or Europe – North America.

Trade lane

Trade lanes (or simply lanes) in Xeneta are air freight routes between two airports. For example, Shanghai (PVG) — Frankfurt (FRA) or Amsterdam (AMS) – Chicago (ORD).

Transit time

Transit time refers to the total time it takes for cargo to be transported from the airport of origin to the destination airport.

V

Volume

Volume refers to the amount of cargo shipped within a given timeframe in either kilograms or tons, or cubic meters.

Volume load factor

Volume load factor refers to the mount of cargo flown in cubic meters divided by total cargo capacity in cubic meters.

W

Watchlist

Watchlists in are custom lists available in Market overview that you can use to organize and keep track of rates changes across multiple trade lanes or corridors.

To learn more, see Watchlists.

Weight bracket

Weight brackets are categories that Xeneta assigns to the rates we receive from our customers to make them more comparable.

To learn more, see Weight categories.

Weight load factor

Weight load factor refers to the mount of cargo flown in kilograms divided by total cargo capacity in kilograms.