English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Good start for air cargo in 2017

GENEVA: March 07, 2017. Noting an increase in the shipment of silicon materials, IATA reported a 9.0 percent year-on-year jump in airfreight tonne-kilometers (FTKs) in January 2017, while capacity fell to 3.5 percent in the same period.

This was one percent less than December 2016 but well above the 3.0 percent annual growth rate over the past five years. The growth coincided with a rise in new export orders last month that reached their highest level since March 2011, according to the Association.

"It's been a good start to the year for air cargo. Demand growth accelerated in January, bolstered by strengthening export orders that outpaced the capacity growth that should be positive for yields," said IATA director general and CEO Alexandre de Juniac.

"Longer term, the entry into force of the Trade Facilitation Agreement will cut red tape at the borders for faster, cheaper and easier trade. The onus is now on the industry to seize the opportunity to accelerate the modernization of processes to make air cargo an even more compelling option for shippers," he added

RFD airport Amazon Prime AirAll IATA regions, with the exception of Latin America, reported an increase in demand in January with North American airlines' freight volumes expanding 6.1 percent as capacity increased 0.6 percent. Despite the strong Dollar, U.S./international freight volumes grew by 8.7 percent during the month – the fastest pace since the disruption in U.S. seaports boosted demand in February 2015.

Reflecting the general rise in North America traffic, Chicago Rockford International Airport (RFD) has reported a 15.9 percent annual increase in air cargo as a result of ABX starting operations on behalf of Amazon last September (right), and UPS adding two flights a week in the last quarter of 2016.

The airport handled 922.69 million pounds of airfreight during the year– up from 795.84 million in 2015. This month ABX began a fourth flight a day from RFD for the eCommerce giant.

"We are very pleased with our cargo numbers for 2016," said Mike Dunn, executive director. "[They] support the fact that we are committed to taking well-calculated and thought-out risks to ensure RFD remains one of the strongest economic drivers in the region. We will continue to proactively identify and seek out cargo partnerships," he added.

Meanwhile Asia-Pacific IATA members saw volumes grow 6.0 percent in January this year as capacity increased 6.6 percent. IATA cited the rise in China's Purchasing Managers Index (PMI) to a 21-month high; Japan's PMI to a 36-month high; while Taiwan, Korea and Vietnam also reported increases.

Helped by new export orders - particularly in Germany - and the ongoing Eurozone currency weakness, European airlines posted an 8.7 percent increase in airfreight traffic  as capacity expanded 3.3 percent during the month.

Middle Eastern carriers reported an 8.4 percent rise in FTKs as capacity rose 3.3 percent year-on-year; while African carriers saw freight demand increase 24.3 percent due to strong growth on trade lanes with Asia. IATA said demand between the two continents jumped 57 percent during the month on the back of rapid long-haul expansion and increased direct services.

However, "blighted by weak economic and political conditions" the Association noted a 4.1 percent drop in traffic for Latin America airlines in January, despite a 1.4 percent capacity contraction year-on-year.

News

Written on 11/08/2017, 15:35
european-commission-supports-hna-purchase-of-frankfurt-hahn-airportFRANKFURT HAHN: August 10, 2017. The HNA Group has completed its acquisition of Frankfurt-Hahn airport from the German state of Rhineland-Palatinate. The...
Written on 10/08/2017, 21:40
veteran-wins-fedex-grant-to-upcycle-military-surplusMEMPHIS: August 10, 2017. FedEx has awarded the Grand Prize in its 2017 small business grant competition to Sword & Plough founders Emily Núñez...
Written on 10/08/2017, 15:39
fortune-50-companies-back-no-fee-recruitment-in-supply-chainsNEW YORK, NY: AUGUST 07, 2017. Ford, General Motors, Hormel Foods, Marriott Hotels and Michael Kors have agreed to promote ethical labor policies in their...
Written on 08/08/2017, 02:14
matson-to-add-marshall-islands-serviceHONOLULU: AUGUST 07, 2017. Matson is adding to its Marshall Islands (RMI) service in the first quarter of 2018 with a new biweekly sailing from...
Written on 04/08/2017, 20:56
xpo-on-the-m-a-road-againGREENWICH, CT: August 04, 2017. XPO Logistics has reported a net income of US$73.2 million on revenue of US$7.3 billion for the first six months of...
Written on 03/08/2017, 17:48
ups-provides-logistics-key-to-circular-business-solutionATLANTA: August 02, 2017. UPS is helping New Jersey-based Terracycle turn hard-to-recycle items into trashcans and park benches while diverting 40 million...
Written on 03/08/2017, 13:50
hyperloop-one-lifts-offNEW YORK: August 02, 2017. Following a successful first test last month, the vacuum transport system built by Hyperloop One has now reached a speed of 192...
Written on 02/08/2017, 16:28
no-american-investment-from-qatar-airwaysDOHA: August 02, 2017. Qatar Airways is not proceeding with its initial 7.5 percent "passive" stake in American Airlines (AA) for an estimated US$808...
Written on 28/07/2017, 20:54
turkey-logistics-investment-continuesISTANBUL: July 27, 2017. Private equity manager Abraaj Group has acquired an unspecified "significant minority" stake in Netlog Lojistik Hizmetleri, one...
Written on 27/07/2017, 17:55
supply-chain-staff-crisis-warns-dhlBONN: July 26, 2017. A report sponsored by DHL Supply Chain into a shortage of industry talent says as much as a third of the current workforce is at or...
Written on 25/07/2017, 20:14
dp-world-australia-wins-cosco-endorsementSYDNEY: July 25, 2017. DP World Australia has set up a logistics stevedoring subsidiary DP World Logistics Australia and full-service container park...
Written on 25/07/2017, 19:40
bollore-signs-new-cameroon-concessionKRIBI, Cameroon: July 25, 2017. CMA CGM and Bolloré Transport & Logistics have signed a 25-year concession to manage a new container terminal at the...
Written on 21/07/2017, 19:35
new-india-tax-will-mean-savings-say-expertsDELHI: July 21, 2017. The implementation of a new Goods and Services tax (GST) in India, as a replacement for a myriad of local and state levies, has...
Written on 20/07/2017, 22:27
america-s-largest-trade-gateway-aims-for-near-zero-emissionsSAN PEDRO BAY, CA: July 19, 2017. The ports of Los Angeles and Long Beach, America's two largest ports, have published a plan to reduce trucks and...
Written on 19/07/2017, 17:41
post-brexit-britain-to-rely-on-emerging-marketsBAAR, Switzerland: July 19, 2017. As Britain's Conservative government acknowledges the one-time cost of leaving the EU could be £66 billion, Agility...
Written on 18/07/2017, 18:26
politics-not-economics-key-to-inequality-says-researchBOSTON: July 17, 2017. Research by Oxfam suggests the poorest half of the world's population has received one percent of the total increase in global...
Written on 14/07/2017, 19:08
first-circular-economy-msc-launchedCRANFIELD, UK: July 14, 2017. Cranfield University is launching the world's first MSc course on the circular economy in October. The part-time...
Written on 14/07/2017, 16:23
delta-q2-cargo-revenue-upATLANTA: July 14, 2017. Delta Air Lines has reported a second quarter (Q2) 2017 net profit of US$1.22 billion on revenue of US$10.79 billion, compared...
Written on 13/07/2017, 19:28
100-companies-can-save-the-planetLONDON: July 10, 2017: New research from the Carbon Disclosure Project (CDP) reveals that 71 percent of all greenhouse gas emissions (GHGs) since 1998,...
Written on 12/07/2017, 18:29
turkey-continues-airlift-to-qatarISTANBUL: July 12, 2017. A report from Reuters says Turkey has sent 197 freighter aircraft, 16 trucks and one ship to Qatar since the political crisis...

- powered by Quickchilli.com -