Latest news from Heavy Lift & Project Forwarding International Magazine

Protectionist risks remain for airfreight

The International Air Transport Association (IATA) has released demand growth results for global airfreight markets for February 2018, showing a 6.8 percent increase in demand measured in freight tonne kilometres (FTKs) compared to the same peri

Demand growth outstripped capacity growth for the 19th month in a row, but, according to IATA, there are signs that the best of the upturn for the airfreight sector has passed.

Demand drivers for air cargo are moving away from the highly supportive levels seen last year. According to IATA, in recent months the Purchasing Managers Index (PMI) for manufacturing and export orders has softened in a number of key exporting nations including Germany, China and the USA.

"Demand for air cargo continues to be strong with 6.8 percent growth in February," said Alexandre de Juniac, IATA's director general and ceo. "The positive outlook for the rest of 2018, however, faces some potentially strong headwinds, including escalation of protectionist measures into a full-blown trade war.

"Prosperity grows when borders are open to people and to trade, and we are all held back when they are not."

Geographical trends saw demand in freight volumes grow by 6.5 percent for Asia-Pacific airlines in February 2018, and capacity increase by 7.2 percent, compared to the same period in 2017.

North American airlines' freight volumes expanded 7.3 percent in February 2018 compared to the same period last year, while capacity increased by 4.1 percent. Meanwhile, European airlines posted a 5.7 percent increase in freight volumes.

Middle Eastern carriers' year-on-year freight volumes increased 7.4 percent in February 2018 and a capacity increase of 7.6 percent; Latin American airlines experienced growth in demand of 8.7 percent and a capacity increase of 6.9 percent.

In Africa, carriers saw freight demand increase by 15.9 percent - the largest increase of any region - and a capacity increase of 3.9 percent. 

 

www.iata.org

Heavy Lift | News

Antonov soars with drum shipment thumbnail image

Antonov soars with drum shipment

November 13 - Antonov Airlines has delivered two drying drums from Paris-Vatry Airport, France to Port Hedland International Airport, Australia on behalf of chemical company Yara Pilbara Nitrates (YPN).
Views: 208
Nooteboom launches Longrunner trailer thumbnail image

Nooteboom launches Longrunner trailer

November 13 - Nooteboom has introduced the Teletrailer Longrunner – the latest generation of the manufacturer’s range of lightweight, extendible flatbed trailers.
Views: 189
Northport orders Konecranes MHC thumbnail image

Northport orders Konecranes MHC

November 13 - Northport New Zealand has ordered an eco-efficient Konecranes Gottwald Model 6 mobile harbour crane (MHC) for its deepwater facility at Marsden Point.
Views: 176

Heavy Lift Across The World

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