Hong Kong International Airport retained its position as the world’s busiest air cargo hub, despite seeing cargo volume drop 10.6 percent compared to the first half of last year, data from Airports Council International (ACI World) revealed. The top three spots showed no change from 2018, as Memphis (MEM; home hub of FedEx) and Shanghai (PVG) followed Hong Kong (HKG) to take the second and third spots, respectively. Louisville (SDF; hub for UPS) moved up three places to no. 4, whilst … [Read more...] about Hong Kong still busiest air cargo hub as virus depletes H1 volume
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Women in logistics score higher than male counterparts: survey
Research reveals that, despite making up only 13 percent of senior leadership in logistics, women scored higher on 6 out of 7 leadership competencies over their male counterparts, a survey by organisational development company Novosensus revealed. These competencies include being empathetic, giving clearer direction and more constructive feedback, being more trustworthy, and enabling their people to feel confident. “Gender equality is a strategic business issue, not a … [Read more...] about Women in logistics score higher than male counterparts: survey
Global air cargo market continues uptrend in September
A record dynamic loadfactor and high airfreight rates on the world’s premier trade lanes in September showed the global air cargo market edging towards a sustainable recovery at the start of the traditional peak season, say leading industry analysts CLIVE Data Services and TAC Index. Chargeable weight in September rose 9 percentage points over last month, further narrowing the year-on-year gap to –15 percent. This is the fifth consecutive month of positive indicators since April 2020’s … [Read more...] about Global air cargo market continues uptrend in September
Global air cargo’s steady rally continues in August
Global air cargo was in its fourth straight month of growth in August as load factors jumped eight percentage points year on year, data from CLIVE Data Services and TAC Index showed. The whole month’s volume was down 17 percent from a year ago which was a far cry from the 41 percent decline seen in April, when demand started to rally. Air cargo volumes in the last week of August were four percent less than what were seen for the same period in 2019, putting off previous concerns of … [Read more...] about Global air cargo’s steady rally continues in August
IATA: Air cargo steadily recovers as manufacturing output and export orders pick up
Data released by the International Air Transport Association (IATA) show global air cargo traffic in July dropped 13.5 percent compared to last year, which was a mild improvement from the 17.6 percent shortfall in June. Air cargo traffic for July was weaker than expected, but new export orders and manufacturing output are indicating signs of improvement for air cargo in the coming period. The Purchasing Managers’ Index (PMI)—an indicator of economic health in the manufacturing … [Read more...] about IATA: Air cargo steadily recovers as manufacturing output and export orders pick up
Carriers saw more stable cargo demand in July: AAPA
Asia Pacific’s carriers saw stable demand for international air cargo in July, traffic figures from the Association of Asia Pacific Airlines (AAPA) revealed. July cargo traffic, in freight tonne kilometres (FTK), was down 16 percent from the levels seen last year. Meanwhile, average load factor was 10.4 percentage points higher at 69.7 percent for July, which AAPA attributed to the sharp reduction in bellyhold capacity as most passenger operations remain grounded. Compared to the … [Read more...] about Carriers saw more stable cargo demand in July: AAPA
