Two weeks ago, when we analyzed the just-published July results from some of the world’s big carriers and airports, we predicted that when IATA and WorldACD published their detailed analyses of cargo traffic worldwide at the beginning of September, we would see air freight demand growth in July of 11% or 12%, year-over-year.
We are still waiting on IATA, but WorldACD today released its detailed analysis of July air freight data, showing year-over-year volume growth (measured in chargeable weight) of 11.8%, and traffic growth (in direct tonne kilometers flown) of 11.9%. You can read WorldACD’s complete report, but here are a few highlights:
- The strongest growth was from the origins Europe (14.2%), Middle East/South Asia (MESA, 13.5%) and Asia Pacific (13%), and below average figures for other regions.
- MESA and Asia Pacific were the fastest growing destination areas (14.9% resp. 13.3% increase).
- General cargo continued to increase faster (+12.6%) than the other product categories (+9%), with the exception of pharmaceuticals (+17.6%).
- Regarding yield, the overall 8.0% y-o-y growth figure (in USD) came on the back of a 13.2% yield increase for business originating in the Asia Pacific region.
Those interested in learning more about where air freight is headed in 4Q17, and into 2018, are invited to join us at Cargo Facts Symposium in Miami at the Ritz-Carlton South Beach 2-4 October. To register, or for more information, go to CargoFactsSymposium.com.
And we remind you that we will donate 5% of each Cargo Facts Symposium 2017 registration completed through Friday, September 8th to Airlink’s response to Hurricane Harvey. Register today to take part in this limited-time offer to support Airlink and their effort to move relief workers and volunteers free-of-charge into the heaviest impacted areas. Help us provide aid to those in Texas during their time of need.
For more information on Airlink’s Hurricane Harvey relief efforts, please click here.