Global airfreight volumes blooming as flower shipments take off
Global air cargo tonnages have taken off again after three consecutive weeks of subdued volumes, ...
It‘s not exactly good news – but it could be worse. WorldACD has reported air cargo results for the first quarter. With a little adjustment, they are not as bad as some might think. If you take out of the comparison the boost from last year‘s west coast port strikes, volumes actually increased 1.4% year-on-year, while while yields fell less horribly, down 13.6%. Without the Asia to North America adjustment, volumes fell 1.3% and yields sank 17%. And China wasn’t as bad as you might think. The first quarter saw year-on-year volumes rise 6% – or 18% in some European markets. But revenues between China and Western Europe dropped by 12% YoY, due to a yield decrease of over 25%. Perishables and pharma continued to do well.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Indian trade disrupted as port congestion forces liner services to skip calls
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Flexport's newly liveried aircraft ready as business looks up
Rail strike looming in Canada: it will come 'at the worst possible time'
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Airfreight contracts begin to reflect threat of a Q4 capacity crunch
Comment on this article