Airfreight handlers hit by double-whammy of labour shortages and rising costs
The surge in air cargo volumes in 2017 and 2018 has pushed up yields for ...
‘Tis the season for trend-spotting. Today WorldACD, one of the more robust databases in air cargo, examines the April results. It shows volume growth of 6.3% in April, year-on-year, just shy of the first-quarter growth it claims was 6.8%. The question is why this data differs from IATA’s. WorldACD explains it is because it measures volumes in kg and IATA measures in FTK.
Yields, it notes, fell 0.2% from March to April, and 1.5% lower year-on-year. It also gives useful regional analysis, showing that Europe’s main hubs saw 3% growth in 2013 over 2012, Chicago and New York contracted, while Miami, Atlanta and Los Angeles saw 1-2% growth. In Asia, Japan is rebounding, while Seoul and the Pearl River Delta were other bright spots.