Along with its usual monthly summary of air freight volume and yield, Netherlands-based WorldACD today published some interesting data on the forwarding and GSA industries.
Yield, on the other hand, plummeted more than 14% year-over-year. How bad is this? Well, according to WorldACD, not bad at all. Absent the impact of falling surcharges, yields (in US dollars) actually rose 1.4%, and since surcharges are (in theory, at least) a pass-through cost, the overall yield decline should have no negative bottom-line impact.
As mentioned above, WorldACD also offered some interesting information on the state of the forwarding industry through the first four months of 2015.
- Of the top 20 forwarders in the first four months of 2014, 19 are still in the group in 2015.
- The top-20 share of total forwarding revenue fell slightly, from 45.1% to 44.4%
- Only six of the top 20 reported a revenue increase over the same period in 2014, and three of these are based in Japan.
- Average yield for the top-20 group fell 12%, while average yield for the remainder of the world’s forwarders fell only 10%
Turning to General Sales Agents (GSAs), WorldACD said that the share of total air freight revenue generated by GSAs rose to more than 20%, and that GSAs “showed a higher than average volume growth coupled with less yield loss.”