Global airfreight volumes blooming as flower shipments take off
Global air cargo tonnages have taken off again after three consecutive weeks of subdued volumes, ...
It‘s not exactly good news – but it could be worse. WorldACD has reported air cargo results for the first quarter. With a little adjustment, they are not as bad as some might think. If you take out of the comparison the boost from last year‘s west coast port strikes, volumes actually increased 1.4% year-on-year, while while yields fell less horribly, down 13.6%. Without the Asia to North America adjustment, volumes fell 1.3% and yields sank 17%. And China wasn’t as bad as you might think. The first quarter saw year-on-year volumes rise 6% – or 18% in some European markets. But revenues between China and Western Europe dropped by 12% YoY, due to a yield decrease of over 25%. Perishables and pharma continued to do well.
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