Executive Briefings

West Coast Port Problems Boost Air Cargo Volumes During Crucial Season

The many weeks of positive airfreight numbers during the 2014 peak season, inflated somewhat by the ongoing West Coast port crisis, were reflected in the latest figures from WorldACD, showing worldwide volume growth of 4.3 percent, compared to the previous November.

However, the year-over-year growth for the month was significantly smaller than the rise seen in recent months, and yields fell, year-over-year, by 4.0 percent – the largest dip since a 5.0 percent decrease in February 2014. The bottleneck at U.S. ports could be inferred most dramatically in WorldACD's month-to-month figures for the trans-Pacific market. While air cargo revenues for North American exports to the Asia Pacific region fell 9 percent from October to November 2014, shipments from Asia Pacific to North America skyrocketed by 17 percent over the same period, with yields improving by 9 percent.

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However, the year-over-year growth for the month was significantly smaller than the rise seen in recent months, and yields fell, year-over-year, by 4.0 percent – the largest dip since a 5.0 percent decrease in February 2014. The bottleneck at U.S. ports could be inferred most dramatically in WorldACD's month-to-month figures for the trans-Pacific market. While air cargo revenues for North American exports to the Asia Pacific region fell 9 percent from October to November 2014, shipments from Asia Pacific to North America skyrocketed by 17 percent over the same period, with yields improving by 9 percent.

Read Full Article