Cargo Facts

No products in the cart.

SUBSCRIBE
  • NEWS
  • DATA
  • FEATURES
  • LIVE EVENTS
  • PODCAST
  • WEBINARS
    • Webinar Library
  • CONSULTING
Friday, May 9, 2025
Log In
No Result
View All Result
  • Freighter Transactions
  • Capacity & Demand
  • Conversions
  • Carriers
  • AAM
  • E-Commerce
  • The Future
Cargo Facts
  • NEWS
  • DATA
  • FEATURES
  • LIVE EVENTS
  • PODCAST
  • WEBINARS
    • Webinar Library
  • CONSULTING
Log In
No Result
View All Result
Cargo Facts
No Result
View All Result

WCS 2017: IATA expects global growth to ‘accelerate’

Lewis KingbyLewis King
March 14, 2017
in E-Commerce, News
0
Share on FacebookShare on LinkedIn

ABU DHABI, UAE — The global economy seems to be getting its groove back.

Despite weak world trade, IATA’s senior economist yesterday projected moderate acceleration in the global economy, with 2017 already off to a strong start in terms of air cargo volumes.

Speaking at IATA’s World Cargo Symposium in Abu Dhabi, George Anjaparidze said that the better performance of air cargo compared to world trade was explained by structural and cyclical factors in 2016 and this could be repeated in 2017.

George Anjaparidze
IATA’s senior economist, George Anjaparidze

On the structural side, sectors that rely on air cargo performed better than those that rely on maritime trade. Anjaparidze cited the example of the Eurozone, where broadening of growth has been a key factor in explaining the stronger demand for imports carried by air.

That had real implications for forwarders, carriers, and other stakeholders. In early 2017, IATA announced that European airlines posted a 7.6 percent annual increase in freight demand in 2016 and a capacity rise of 6.7 percent.

On the cyclical side, Anjaparidze noted that improving conditions in in emerging markets, led by China, had helped boost demand for air cargo in the third and fourth quarters.  Another factor that boosted air cargo demand in the fourth quarter was the lagged positive impact from the Hanjin disruption, which led to a portion of the high value and time sensitive goods initially held up at sea to be served by air.  “Air cargo also serves as a solution in times of disruption,” he said.

Overall, air cargo had a weak first quarter but recovered and grew in 2Q2016, continuing the upswing into the third and fourth quarters.

Yet, Anjaparidze noted that capacity in 2016 outstripped demand, in part due to continued delivery of new passenger widebodys, where payload belly capacity grew at 3.6 times that of freighter capacity in the same year. The capacity challenge is made worse by rising in-service freighter capacity – as older freighters have been brought out of storage as they become more economic to operate with fuel prices below their recent 2014 highs.

All things considered, IATA’s economic projection for growth in the industry is one of cautious optimism, with “risks tilting to the upside.” This projection is substantiated by a strong US economy, resilient underlying drivers of air cargo, such as strong export orders and rising consumer confidence.

Glyn Hughes, IATA’s global head of cargo, took the stage yesterday, as well, to present the year 2016 in review, during which air cargo decisively improved its performance, outpacing global growth.

Hughes listed several key IATA developments, starting with cargo safety. IATA made safe transportation of volatile batteries a major platform over the year, engaging with partners and pressuring governments to enforce safety standards. Lack of regulation and enforcement in the lithium-ion battery supply chain poses serious security threats, IATA warned in a letter to Ministers of Trade, Industry and Transport, and Directors of Civil Aviation of the world’s largest lithium battery manufacturing and export countries.

Glyn Hughes, IATAs global head of cargo
Glyn Hughes, IATA’s global head of cargo

Another important development Hughes highlighted was an IATA announcement in mid-2016 that it had joined forces with freight forwarding advocacy group FIATA to “review, refine, and reengineer the current Cargo Agency Program to develop a new and modernized Program – IATA-FIATA Air Cargo Program (IFACP).” Hughes noted that this cooperation was aimed at developing customer centric relationships — “it’s about bringing in the regions,” he said.

IATA also advocated for the safe integration of drones and calling for regulatory alignment. The organization has worked to identify opportunities on the cargo side, such as last-mile deliveries.

“We need to come up with a program where they can safely integrate,” Hughes said.

At 48.5 percent e-AWB compliance, Hughes admitted that “the job is not quite half done.” However, he noted that that percentage adds up to 640,000 shipments per month. He called for stakeholders to work towards this year’s goal of 62 percent, pointing to the Middle East where penetration is at 74.3 percent.

“This is the example we will take on the road,” Hughes said

Those interested in learning more about airfreight in 2017, should join us at Cargo Facts Asia in Shanghai, 25 – 26 April.  To register, or for more information, go to CargoFactsAsia.com

cfa

Tags: ACNTrade
Previous Post

CEIV – Stakeholders must be honest about their limitations

Next Post

WCS 2017: De Juniac optimistic about air cargo growth, innovation

Related Posts

CF EMEA 2025 Session 6
Leasing

Titan eyes A330 freighter conversions

May 8, 2025
CF EMEA 2025 Fireside
Fleets

Maersk committed to 767-200Fs, Jordahn says

May 8, 2025
Emirates 777F
Carriers

Emirates SkyCargo revenue up 18% for year

May 8, 2025
Next Post

WCS 2017: De Juniac optimistic about air cargo growth, innovation

Please login to join discussion

Stay informed with our newsletters

Cargo Facts Connect Podcast

  • About Us
  • Help Center
  • Contact Us
  • Privacy & Usage Terms
  • ADA Compliance
  • Advertise
  • Archive

 Manage Cookie Consent

Follow Us

twitter linkedin podcast podcast podcast
© 2025 Royal Media
No Result
View All Result
  • News
  • Data
  • Features
  • Live Events
  • Podcast
  • Consulting
  • Subscribe
  • Log In / Account
  • Webinar Library

© 2022 Royal Media & Cargo Facts

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Data
  • Features
  • Live Events
  • Podcast
  • Consulting
  • Subscribe
  • Log In / Account
  • Webinar Library

© 2022 Royal Media & Cargo Facts

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bfsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bfsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
AWSALBCORS7 daysThis cookie is managed by Amazon Web Services and is used for load balancing.
AWSALBCORS7 daysThis cookie is managed by Amazon Web Services and is used for load balancing.
cf_use_obpastCloudflare sets this cookie to improve page load times and to disallow any security restrictions based on the visitor's IP address.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
CRAFT_CSRF_TOKENsessionThis cookie is set by the provider Craft CMS. This cookie is used for the purpose of website security that is Cross-Site-Request forgery prevention whenever a form is used.
crmcsrsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
crmcsrsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
LS_CSRF_TOKENsessionCloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
LS_CSRF_TOKENsessionCloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
_zcsr_tmpsessionZoho sets this cookie for the login function on the website.
_zcsr_tmpsessionZoho sets this cookie for the login function on the website.
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
bcookie2 yearsLinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bcookie2 yearsLinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
bscookie2 yearsLinkedIn sets this cookie to store performed actions on the website.
bscookie2 yearsLinkedIn sets this cookie to store performed actions on the website.
cbCookieAcceptedsessionThis cookie is used by Caspio (FAT Database) has not yet been given a description. Our team is working to provide more information.
cbParamListsessionThis cookie is used by Caspio (FAT Database) has not yet been given a description. Our team is working to provide more information.
e188bc05fesessionThis cookie is set in relation to Zoho Campaigns
e188bc05fesessionThis cookie is set in relation to Zoho Campaigns
iamcsrsessionZoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
iamcsrsessionZoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
langsessionLinkedIn sets this cookie to remember a user's language setting.
langsessionLinkedIn sets this cookie to remember a user's language setting.
li_gc2 yearsLinkedIn uses to store consent of guests regarding the use of cookies for non-essential purposes
li_gc2 yearsLinkedIn uses to store consent of guests regarding the use of cookies for non-essential purposes
lidc1 dayLinkedIn sets the lidc cookie to facilitate data center selection.
lidc1 dayLinkedIn sets the lidc cookie to facilitate data center selection.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
AWSALB7 daysAWSALB is an application load balancer cookie set by Amazon Web Services to map the session to the target.
AWSALB7 daysAWSALB is an application load balancer cookie set by Amazon Web Services to map the session to the target.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
CONSENT2 yearsYouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
vuid2 yearsVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
vuid1 yearVimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
__Host-GAPS2 yearsThis cookie allows the website to identify a user and provide enhanced functionality and personalisation.
_dc_gtm_UA-1038974-181 minuteUsed to help identify the visitors by either age, gender, or interests by DoubleClick - Google Tag Manager.
_dc_gtm_UA-1038974-71 minuteUsed to help identify the visitors by either age, gender, or interests by DoubleClick - Google Tag Manager.
_fbp3 monthsThis cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
_fbp3 monthsThis cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.
fr3 monthsFacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
fr3 monthsFacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
VISITOR_INFO1_LIVE5 months 27 daysA cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
YSCsessionYSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-connected-devicesneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt-remote-device-idneverYouTube sets this cookie to store the video preferences of the user using embedded YouTube video.
yt.innertube::nextIdneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::nextIdneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverThis cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
ig_putmasessionNo description
xn_uuid1 monthThis cookie is set by NING during sign-in, and serves as your identity on the network, and indicates that you are signed in.
Save & Accept
Powered by CookieYes Logo