Traffic growth slows in June

The International Air Transport Association released its air freight market analysis for June 2015, showing an overall 1.2% year-over-year increase in worldwide cargo traffic (in freight tonne kilometers flown). On a regional basis, results varied from a 3.3% y-o-y decline in traffic reported by North American carriers, to a 15.3% gain for carriers in the […]
  • David Harris
  • August 5, 2015

Air freight rates decline in June

UK-based shipping consultancy Drewry published its analysis of air freight rates on major east-west trade lanes in June, and the data show the expected continuing rate decline. Drewry reported its East-West Air Freight Price Index declined by  1.1 points in June to a reading of 88.7, bringing the index down to its lowest level since it […]
  • David Harris
  • July 24, 2015

June – an odd month

We have now passed the halfway point of 2015, and while we feel reasonably confident in predicting that, when the final numbers are in, worldwide air freight demand growth in June will be quite low, the results vary wildly from region to region, and even within regions. Consider Asia. When we reported Pactl’s 7.2% y-o-y […]
  • David Harris
  • July 15, 2015

First look at June

As we enter the second half of 2015, the question on most minds in the air freight industry is “What is happening to demand growth?” The year started extremely strongly, but the double-digit year-over-year growth reported by many carriers and airports was driven by the one-time impacts of the port workers slowdown on the US […]
  • David Harris
  • July 7, 2015