Executive Briefings

Growth in Global Airfreight Sputters in Early 2016

Worldwide airfreight demand is off to a slow start, at least for the first two months of 2016, according to Holland-based consultancy, WorldACD.

Growth in Global Airfreight Sputters in Early 2016

The market analysis firm published its February statistics, reporting a 3.8 percent drop in airfreight demand, based on chargeable weight, with the most significant drops in volumes originating from Asia and North America. 

Combined January and February volumes for cargo shipped from Asia and North America contracted by 7 percent, year-over-year, which WorldACD blames partially on the irregularities resulting from the 2015 U.S. West Coast port slowdown and the Lunar New Year. WorldACD asserted that "the weak y-o-y figures for Asia-Pacific and North America ought to be viewed against the backdrop of last year’s windfall due to the port strike in the United States," which led to a surge in air cargo volumes moving across the Pacific from Asia.

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The market analysis firm published its February statistics, reporting a 3.8 percent drop in airfreight demand, based on chargeable weight, with the most significant drops in volumes originating from Asia and North America. 

Combined January and February volumes for cargo shipped from Asia and North America contracted by 7 percent, year-over-year, which WorldACD blames partially on the irregularities resulting from the 2015 U.S. West Coast port slowdown and the Lunar New Year. WorldACD asserted that "the weak y-o-y figures for Asia-Pacific and North America ought to be viewed against the backdrop of last year’s windfall due to the port strike in the United States," which led to a surge in air cargo volumes moving across the Pacific from Asia.

Read Full Article

Growth in Global Airfreight Sputters in Early 2016