While air cargo volumes diminished rapidly in March, new data for April offers some hope that leading economists are right and the decline in the global economy is ‘bottoming out’. For April as a whole, volumes declined 39% year-on-year, but an even greater capacity drop of 45% highlighted the current shortage of air cargo capacity, according to the latest industry intelligence from CLIVE Data Services. Its first-to-market week-by-week data shows air cargo volumes … [Read more...] about As economists predict global economy is ‘bottoming out’, do April’s air cargo volumes offer a glimmer of hope?
ANALYSIS
Air freight posts heftiest gain since the recovery following the Great Recession
Airports Council International (ACI) World reported global passenger traffic up 5.7% in December 2017 on a year over year basis. For the year as a whole, preliminary numbers show an increase of 6.4% in passenger volumes across the world's airports. Growth has above 6% for the third year in a row. December's freight volumes rose by 5% on a year over year basis. Global freight figures achieved record growth this year standing at 7.9% for 2017, representing the highest growth rate since 2010, the … [Read more...] about Air freight posts heftiest gain since the recovery following the Great Recession
October confirmed its reputation with record volumes
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
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
