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
ANALYSIS
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
Connected logistics market worth US$41.30 billion by 2021
According to a new market research report "Connected Logistics Market by Software (Asset Management, Warehouse IoT, Security, Network Management, Data Management, and Streaming Analytics), Platform, Service, Transportation Mode, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is pected to grow from US$10.04 billion in 2016 to US$41.30 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7 percent. The major drivers include an upsurge … [Read more...] about Connected logistics market worth US$41.30 billion by 2021
Strong year for aviation despite terrorism, geopolitics and economic uncertainty
Whether it was caused by Brexit, the American presidential election, or the hostilities in Syria, the spectre of economic uncertainty permeated the global economy and the aviation sector throughout 2016. The increased rhetoric about protectionist policies in some Western countries also threatens the trend toward increased air service liberalization, otherwise known as Open Skies. Yet, aviation is characterized by its ability to adapt and recover from adversity irrespective of the … [Read more...] about Strong year for aviation despite terrorism, geopolitics and economic uncertainty