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
By The Numbers
Drewry: How low can air freight rates fall?
Air freight rates stabilised in July, bringing to an end seven consecutive months of falling pricing in the wake of a marked slowdown in world cargo demand, according to Drewry. UK-based Drewry noted that its East-West Air Freight Price Index recovered 2.0 points in July to a reading of 90.3, lifting it off its lowest ever level since the index was first launched in May 2012. In US dollar terms, this still left the benchmark well below the $3 per kg threshold, fi rst breached in May, but made … [Read more...] about Drewry: How low can air freight rates fall?
Airfreight demand falls again in July: IATA
The International Air Transport Association (IATA) released data for global airfreight markets showing a fall in air cargo demand in July compared to the same month last year. Airfreight volumes measured in freight tonne kilometers (FTK) fell 0.6 per cent, in line with weaker global economic growth. Th e decline was broad-based across all regions with the exception of Africa and the Middle East. Th e most pronounced falls were in the Americas, where international FTK volumes were down more … [Read more...] about Airfreight demand falls again in July: IATA
Global airport volumes up 4.7 per cent in 2014: ACI
Worldwide airport cargo volumes rose by 4.7 per cent in 2014, year-on-year to 102 million tonnes, wiThpositive levels of growThacross all six regions according to the Airports Council International (ACI) in the latest edition of its World Airport Traffic Report. Hong Kong (HKG) and Memphis (MEM) take the first and second places respectively for the busiest air cargo airports wiTh4.4 million and 4.3 million tonnes of cargo handled in 2014. Airports in the Asia-Pacific region handled the … [Read more...] about Global airport volumes up 4.7 per cent in 2014: ACI
Asia-Pacific airports see 1H cargo growth of 3%
Airports in the Asia-Pacific and the Middle East maintained steady growth in June 2015, reporting year over year passenger growth of +4.9 per cent and +6.1 per cent respectively, while air freight continued to be impacted by slowdown across Asian export markets. In June 2015, Asia-Pacific recorded a decrease of -0.2 per cent and the Middle East maintained growth at +4.5 per cent from the same period last year. From January to June this year, Asia- Pacific generated cumulative cargo growth … [Read more...] about Asia-Pacific airports see 1H cargo growth of 3%
Cargo growth remains flat: AAPA
Preliminary traffic figures for the month of June released by the Association of Asia Pacific Airlines (AAPA) confirmed softening air cargo markets while international passenger demand continued to grow. The recent moderation in air cargo markets extended into the month of June, with demand in freight tonne kilometre (FTK) terms registering a slight 0.5 per cent decline compared to the same month last year. With offered freight capacity increasing by 2.5 per cent for the month, the average … [Read more...] about Cargo growth remains flat: AAPA
