Spire Global, Inc., a space-based Earth data analytics company, and TAC Index Limited, a specialist publisher of air cargo data for both industry users and the financial markets, jointly announced a strategic partnership to support the launch of TAC Space. TAC Space will offer insights built from live tracking of global air cargo supply coupled with market data, to create a unique series of data sets which is expected to bring greater color to the market and enhance data decision making capabilities for parties active in air cargo markets. TAC Space can be leveraged alongside the current TAC Index product suite, including an air cargo pricing index product which tracks market demand.
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“Air cargo has historically lacked transparency and near-term data, making risk management, contract negotiation, and performance benchmarking notoriously difficult,” remarked TAC Index’s Managing Director, Mr. John Peyton Burnett. “We are very pleased to be working closely with Spire, which generates high quality and granular flight movement data. Combined with TAC Index’s internal processes and data flows, we believe the resulting information from TAC Space will be of great assistance to all parties in the air cargo market, and a welcome addition to the TAC Index air cargo product suite.”
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TAC Index worked with Spire Aviation, part of Spire’s Global Data Services group, to verify that Spire’s robust ADS-B data capabilities would meet TAC Space’s intensive needs and build the resulting product partnership.
“Satellite-based data from Spire combined with TAC Index’s cutting edge data science will provide a new view into global trade. We are excited to work with TAC Index to make global air cargo transparency a reality,” said Dr. Shay Har-Noy, General Manager, Spire Aviation. “We’re consistently amazed by the innovative uses of Spire’s data. Just a few years ago this sort of product was out of reach, but now with Spire’s cost effective LEMUR ADS-B constellation and analysis-ready APIs, we’re able to stream tens of millions of data points about global air traffic every single day.”
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