Airfreight rates ex-Asia 'surprisingly strong' through traditionally low period
Airfreight rates out of Asia continue to harden – despite a brief fall around US ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
July has failed to live up to the air cargo growth – however small – seen in June, according to WorldACD, but rates are up.
July saw volume growth of 1.8% year-on-year, down from nearly 3% in June. Europe lost some of its lustre, but Asia Pacific looked to be on a slight rebound, with 3.7% growth. Worldwide yields remained stable, month on month, although Europe and the US saw a slight fall. For the year-to-July, yields (in US$) have fallen 21% in Asia-Pacific.
WorldACD also looked at individual markets. Despite Lufthansa’s woes, it appears to be in one of the best markets for year-on-year growth. Volumes from Germany to eastern China have risen 20%, and are up 12% on the reverse route. Eastern China to US Pacific is up 13%, while Germany to India is up 11%. This interesting analysis follows Drewry’s announcement last week that east-west air freight rates rose in July to the highest level this year, with a mild strengthening in demand – albeit on the back of a weak market.
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