The latest worldwide air cargo figures - as reported by 75 airlines to WorldACD - confirmed that the month of October 2017 was special. Monthly volumes were higher than ever, whilst revenues (when measured in EUR) peaked as well. Although revenues measured in USD did not reach the heights scaled in the October months of the years 2010 - 2014, it should be noted that oil prices in that period were almost twice as high as they are now. With the recovery under way for more than a year … [Read more...] about October confirmed its reputation with record volumes
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ANALYSIS
Air Freight growth continued into September 2017
According to ACI, in September 2017, Asia-Pacific airports reported growth of +7.3% while the Middle Eastern airports recorded a decline of -0.8% compared to the same period last year. For the year-to-date, Asia-Pacific and Middle East grew +7.3% and +5.6% respectively. Air freight in Asia-Pacific and the Middle East grew +9.4% and +7.3% respectively in September. For the year-to-date, Asia-Pacific and Middle East grew +9.8% and +7.7% respectively. In September 2017, … [Read more...] about Air Freight growth continued into September 2017
WorldACD reports a double digit growth in air cargo industry
With a worldwide volume increase in August of 12.9% year-over-year (YoY), air cargo continued its recent trend by again showing double-digit growth, according to a new version of WorldACD's product data information. At 14.6%, YoY growth in Direct Ton Kilometers (DTK's) was even higher, underscoring another trend, namely that the average distance between point of origin and point of destination of air cargo shipments keeps growing, just like the average shipment size. Revenues (in USD) … [Read more...] about WorldACD reports a double digit growth in air cargo industry
China engine ‘sputtering’ – additional product data soon: July 2017
According to World ACD Market, the stories about recent developments in air cargo run the risk of becoming somewhat monotonous: July was again a month with double digit year-over-year (YoY) growth. As Sonny Bono wrote 50 years ago in his famous, yet rather repetitive song: "the beat goes on, yes, the beat goes on". It is not too difficult to imagine that quite a lot of people in our industry do not mind the monotony at all, after a number of years in the doldrums. Underneath the … [Read more...] about China engine ‘sputtering’ – additional product data soon: July 2017
BT & CCS-UK collaborate to keep UK air freight moving
The air cargo industry plays a major role in the UK economy: according to a report issued by the Airports Commission in 2015, around 40% by value of the UK’s trade outside the EU is transported by air, with the total value of tradable goods through UK airports exceeding £140 billion in 2014. The new CCS-UK capability is designed to prevent the catastrophic impact of a major system failure, which would cause cargo backlogs and mayhem at UK airports, and cost the economy tens of millions of … [Read more...] about BT & CCS-UK collaborate to keep UK air freight moving
BT & CCS-UK collaborate to keep UK air freight moving
The air cargo industry plays a major role in the UK economy: according to a report issued by the Airports Commission in 2015, around 40% by value of the UK’s trade outside the EU is transported by air, with the total value of tradable goods through UK airports exceeding £140 billion in 2014. The new CCS-UK capability is designed to prevent the catastrophic impact of a major system failure, which would cause cargo backlogs and mayhem at UK airports, and cost the economy tens of … [Read more...] about BT & CCS-UK collaborate to keep UK air freight moving
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