The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.8 percent in 2016 compared to 2015. This was nearly double the industry’s average growth rate of 2.0 percent over the last five years. Freight capacity, measured in available freight tonne kilometers (AFTKs), increased by 5.3 percent in 2016. All regions, with the exception of Latin America, experienced … [Read more...] about Air cargo ends 2016 on a positive note
Leaderboard
ANALYSIS
Logistics index hits 14th negative month
The Stifel Logistics Confidence Index has reached its 14th consecutive month of negative confidence, with the numbers suggesting this will continue into 2017. “As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time,” the Ti-composed Stifel Logistics Confidence Index said. While the ocean shipping industry continues to struggle with its overcapacity issue the one bright spot at present is the performance of air freight, it … [Read more...] about Logistics index hits 14th negative month
China PMI shows stabilising economy, but risk of decline
The Caixin Manufacturing Purchasing Managers’ Index (PMI) in China stood at 50.1 in September of 2016 up only fractionally from the 50.0 it registered in August and in line with market consensus. It was the third straight month of expansion as output and new orders went up marginally while new export orders stabilised. At the same time, job shedding eased and firms raised their purchasing activity for the third month in a row. The amount of outstanding business increased further and … [Read more...] about China PMI shows stabilising economy, but risk of decline
Payload conference shaping up to be best yet
This year’s highly anticipated Payload Asia Conference and Awards in Hong Kong on 28-29 September – now in its fifth year – is shaping up to the best event to date. Two days of hot topics in the air cargo supply chain will be discussed in six roundtables – Hub or Hubris, Disruption, E-commerce, Dangerous Goods, One Belt – One Road and Maindeck. A facility tour hosted by Hong Kong Air Cargo Terminal Ltd (HACTL) will also be a key event on the first afternoon. Networking will also be a key … [Read more...] about Payload conference shaping up to be best yet
IATA pessimistic on cargo growth this year
The International Air Transport Association (IATA) has released a pessimistic view on air cargo growth saying, “it is shaping up to be another tough year for air cargo” pointing to the latest 2.0 per cent drop in volumes against a 6.9 per cent rise in capacity. Asia-Pacific carrier, in particular, saw a 5.2 per cent decline in demand in March compared with a year ago. The latest IATA data for global air freight markets for March 2016 showing a 2.0 per cent drop in volumes measured in freight … [Read more...] about IATA pessimistic on cargo growth this year
Chinese New Year confirms air cargo slide in Asia Pacific: WorldACD
Air cargo’s difficult start to 2016 was extended into February with worldwide volumes declining by 3.8 per cent year-on-year (YoY), the largest YoY volume drop in three years, according to the latest analysis by WorldACD Market Data. The origins Asia Pacific and North America were the main culprits with January/February together seeing these destinations posting YoY volume decreases of more than 7.0 per cent. Africa, Europe and Middle East & South Asia each posted around 5.0 per cent … [Read more...] about Chinese New Year confirms air cargo slide in Asia Pacific: WorldACD
Ad – After Content
