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

Trade tariffs take hold…

August 8 - In its second-quarter analyst call, Caterpillar confirmed that the USA’s decision to impose import tariffs on steel and other metals will have a real effect on its businesses and customers in the second half of 2018.
Views: 988

POSH benefits from improved market

August 7 - Offshore marine services provider PACC Offshore Services Holdings (POSH) has recorded a 95 percent revenue increase year-on-year for the three months to the end of June 30, 2018.
Views: 821

Technology to revolutionise freight forwarding

August 1 - While the fundamentals of freight forwarding remain unchanged, the short-term future of the sector will be characterised by the introduction of technologies that unlock value and enhance capability.
Views: 1338

Multipurpose time charter rates fall

July 23 - Time charter rates in the multipurpose shipping sector have fallen over the last month, according to the latest data from shipbroker Toepfer Transport.


Views: 1578

Heavy Lift Across The World

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