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
ANALYSIS
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
Air cargo in the ‘new mediocre’ of global economic growth
The global economy is growing, but growing at a lower rate than anticipated, said George Anjaparidze, senior economist, IATA who went on to cite International Monetary Fund (IMF) CEO Christine Lagarde who recently warned that the world was on the threat of entering a new phase of mediocre growth becoming the new reality. “And that’s exactly what we’re seeing,” added Anjaparidze. The advanced economies are still growing, but very slowly he noted with emerging economies growing far below their … [Read more...] about Air cargo in the ‘new mediocre’ of global economic growth
Stifle Logistics Confidence Index sinks to new low
With a score of 45.4, the December edition of the Stifle Logistics Confidence Index has recorded its lowest ever total, amidst a continued pattern of decline. Of the four trade lanes covered by the Index, Europe to US continues to be the most positive, representing the highest-scoring route across both air and sea as well as current and expected situation, with continued strength of the US dollar against the Euro helping to boost performance. By contrast, the performance of trade lanes … [Read more...] about Stifle Logistics Confidence Index sinks to new low
Eight Asian log hubs to remain dominant: CBRE
Eight of Asia Pacific’s logistics hubs are considered ‘global’ and will continue to dominate until 2030 according to CBRE’s recently launched Asia Pacific Logistics Hubs 2015 report. These Asia Pacific hubs include: Greater China’s Hong Kong, Guangzhou, Shanghai, Shenzhen, Tianjin; Japan’s Tokyo, Osaka-Kobe; and Singapore. In order to produce this latest report, CBRE developed a new model for ranking the region’s logistics hubs based on primary demand drivers: Infrastructure developments, market … [Read more...] about Eight Asian log hubs to remain dominant: CBRE
