With the topic of yields dominating any discussion about the current business environment, WorldACD has clearly demonstrated the dismal state of affairs through a comparison of USD-yields between June 2008 and June 2015, with not one single market showing a yield increase over that period. The good news first: North America to Asia Pacific saw the smallest yield decline at only -9 per cent. This contrasts with all of the other markets that saw decreases ranging from -22 per cent (Middle East … [Read more...] about Yields down as much as -41% since 2008: WorldACD
By The Numbers
IATA figures give pessimistic outlook
The International Air Transport Association (IATA) released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1 per cent, the slowest rate this year and outpaced by a capacity expansion of 4.3 per cent. On a year-to-date basis, freight volumes are up four per cent on the previous year, but much of that growth was realised in the latter part of 2014. Carriers in most regions, with the exception … [Read more...] about IATA figures give pessimistic outlook
Forwarders more upbeat about airfreight than sea
The Stifel Logistics Confidence Index for May indicated some improvements from April’s decline. In particular, the six-month outlook appears bright as airfreight gained 2.8 points to 63.4 and sea freight increased 2.1 points to 62.9. Overall, the total index increased 1.1 points to 57.4 and even though this is down 0.6 points from one year ago, it is still 6.7 points higher than May 2013. Airfreight continues to lead the optimism for both the six-month outlook as well as for the present. Sea … [Read more...] about Forwarders more upbeat about airfreight than sea
Modal shift to sea is reversing says Drewry
An ongoing reversal of the much discussed modal shift from air to sea will continue despite the recovery of port operations on the US West Coast following the crippling strike last year, according to the latest report from Drewry Shipping Consultants. The damage done to supply chains ahead of the Thanksgiving and Christmas peaks last year has apparently left a lingering bad taste in the mouths of shippers in some high-value sectors. “As port operations improve on the US West Coast the … [Read more...] about Modal shift to sea is reversing says Drewry