A month ago, Shanghai Pudong International Airport Cargo Terminal Co Ltd (Pactl, the biggest handler at Shanghai’s Pudong Airport) reported a 13.8% y-o-y increase in its June cargo handle to 155,000 tonnes, its biggest year-over-year gain this year.
Well, that was June, and Pactl’s July results are even stronger.
Pactl reported its July handle up 14.4% to 160,000 tonnes, a new monthly record. International volume for the month was up 15.8% to 1520,000 tonnes, while the much smaller domestic volume was down 7.9% to 8,000 tonnes (most of Shanghai’s domestic cargo moves through nearby Hongqiao Airport). For the first seven months of 2017, Pactl’s handle was up 12.0% to 874,000 tonnes.
Pactl started the year strongly, with a 12.3% y-o-y increase for the combined January/February period, and stayed in double digits with an 11.4% jump in March tonnage. April saw a bit of a fall-off, with growth dropping to 9.6% over April 2015. This was part of a worldwide trend of slowing (though still strong) growth in April, and we wondered if it was the beginning of a return to slower growth for the rest of the year. But year-over-year jumps of 13.0% in May and 13.8% in June made it clear that cargo volume in Shanghai was still growing at a pace we have not seen for many years.
And now the pace of that growth is accelerating.
Whether the growth at Pactl in July is a reliable indicator of air cargo growth worldwide remains to be seen, but it does look as if the strong growth in the first half is continuing.
Join us at the Cargo Facts Symposium in Miami, 2 – 4 October, to see how the third quarter played out, and hear thoughts about the future from senior executives from all branches of the air freight industry. To register, or for more information, go to CargoFactsSymposium.com.