Global airfreight ‘poised for a record 2017’, says ACI

12 Feb 2018 12:49 PM | Anonymous

Original news was published 09 February, 2018

Montreal-based trade association Airports Council International (ACI) has reported year-on-year growth in air cargo volumes of 7.8% for November, putting the industry on track for a record-breaking 2017.

ACI said that the cargo business “continued to benefit from a strong growth in volumes in November thanks to global trade” and that this was “reflected in gains in export orders”.

African airports saw the highest rise in volumes, at 14.7%. North America and Europe followed, at 8.9% and 8.7% respectively. Asia-Pacific (up 7.2%), Latin America and the Caribbean (up 6.9%) and the Middle East (with more modest growth of 2.9%, but still picking up after a slowdown in October) all showed a positive result.

According to ACI: “International freight was the main driver for most of the increases, reaching +7.8% after slowing down to +4.4% over the three months prior to November. Airports in the Asia-Pacific region lead in volumes handled for export and overall growth.”

For the January-November 2017 period, total volumes rose by 8.2% globally in comparison to the same months of the previous year.

The association highlighted India, China, Japan and Thailand as showing double-digit international airfreight growth for the year to date (up by 17.9%, 16.7%, 12.8% and 11.5% respectively). Hong Kong’s international traffic rose by 9.5%.

In Europe, similar results occurred in Spain (up 15.6%), the UK (a rise of 13.2%) and Turkey (up 11.3%).

The US – the world’s largest domestic air cargo market – saw an increase of 5.1% year on year.

*NEWS SOURCE