Latest news from Heavy Lift & Project Forwarding International Magazine

Air cargo growth remains strong

The International Air Transport Association's (IATA) full-year 2017 data for global airfreight markets showed that demand, measured in freight tonne kilometres (FTK), grew by 9 percent.

The result for 2017 was more than double the 3.6 percent annual growth recorded in 2016, and the year's strong performance was sealed by a solid result in December, which saw demand growth increase by 5.7 percent year-on-year.

Meanwhile, freight capacity, measured in available freight tonne kilometres, rose by 3 percent in 2017 - the slowest annual capacity growth seen since 2012.

"We saw improvements in load factors, yields and revenues," explained Alexandre de Juniac, IATA's director general and ceo. "Air cargo is still a very tough and competitive business, but the developments in 2017 were the most positive that we have seen in a very long time."

African carriers experienced the fastest growth rate of all regions, with an annual growth in freight demand of 24.8 percent in 2017. European airlines posted the second fastest growth rate of 11.8 percent, followed by Middle Eastern carriers, which saw an annual increase in demand of 8.1 percent.

"The outlook for airfreight in 2018 is optimistic," added de Juniac. "Overall the pace of growth is expected to slow from the exceptional 9 percent of this year. But we still expect a very healthy 4.5 percent expansion of demand in 2018."  

 

www.iata.org

Heavy Lift | News

ABC implements digital claims platform thumbnail image

ABC implements digital claims platform

February 8 - AirBridgeCargo Airlines (ABC) has teamed up with quality and compliance platform CargoHub to offer its customers with a digital tool to manage their claims and pre-claims requests.
Views: 1387
Year three for Etihad thumbnail image

Year three for Etihad

February 6 - EEM World, a leading organiser of equestrian events, has contracted Etihad Cargo to transport 68 horses from Belgium to Hong Kong ahead of the annual Longines Masters of Hong Kong. 
Views: 1499
CargoLogicAir celebrates growth thumbnail image

CargoLogicAir celebrates growth

January 31 - UK-based freighter airline CargoLogicAir (CLA) said that the amount of cargo it handled during 2018 increased by 36 percent year-on-year over 2017, and revenues reached USD200 million.
Views: 1768
Volga-Dnepr supports OneWeb satellite project thumbnail image

Volga-Dnepr supports OneWeb satellite project

January 31 - Volga-Dnepr Airlines has transported six satellites, weighing 30 tonnes in total, from Toulouse, France to Cayenne in French Guiana for the OneWeb constellation project.
Views: 2072

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.