enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

search image top2

freightHub2020 BannerSMALL

 

freightHub2020 BannerSMALL

 

CEVA keeps goods moving
CEVA Logistics has delivered significant additiona...

Read more

Emirates SkyCargo carries half-a-million test kits to Brazil
On Monday 30 March 2020, an Emirates SkyCargo flig...

Read more

Sky Hook lends a helping lift
Manufacturers all over the country are in full swi...

Read more

Geodis commissioned for France mask supplies
GEODIS has been commissioned by the French Governm...

Read more

BBE postponed to September
Breakbulk Europe, the world’s largest event ...

Read more

Hactl lands third CEIV
Hong Kong Air Cargo Terminals Limited (Hactl) has ...

Read more

Khalifa Port launches autoterminal
Autoterminal Khalifa Port, a joint venture between...

Read more

air cargo China cancelled
The global covid-19 pandemic is growing in scale a...

Read more

Lufthansa hopes to keep cargo flying
Lufthansa Cargo is making every effort to maintain...

Read more

CEVA keeps goods moving
Emirates SkyCargo carries half-a-million test kits to Brazil...
Sky Hook lends a helping lift
Geodis commissioned for France mask supplies
BBE postponed to September
Hactl lands third CEIV
Khalifa Port launches autoterminal
air cargo China cancelled
Lufthansa hopes to keep cargo flying

 

 

United Cargo

 

Swiss World Cargo

 

Turkish Cargo

 

 

AA Cargo

 

PLA

 

Latest News

cargo partner new warehouse office BUD City copyright cargo partner 01
07 Apr, 2020

New Budapest warehouse for cargo-partner

in News
International transport and information logistics provider cargo-partner has moved into…
Hamburg Port 1
07 Apr, 2020

Hamburg pledges to keep rolls stocked

in News
Since the beginning of March, empty shelves without toilet paper is common occurrence in…
Trucks
06 Apr, 2020

Virus puts UK supply chains to the test

in News
UK national supply chains are being put to the test as demand for essential goods soars…
Atlas 747 8f Air to Air
06 Apr, 2020

Atlas commits to tackling virus

in News
Atlas Air Worldwide today confirmed its ongoing commitment to the fight against…
PO boresong5 Teesport
03 Apr, 2020

GMB calls for govt support on furloughed ferry workers

in News
GMB Union has called on the Government to support ferry workers after P&O began…
TIACA OFFICIAL LOGO 2018 color
03 Apr, 2020

Tiaca and ICAO meet over Covid-19

in News
During the “COVID-19 Technical Group” ICAO meeting held on Monday 30/03, The…
Kerry Logistics truck
03 Apr, 2020

Kerry delivers to NHS Scotland

in News
Kerry Logistics Network has donated its services to deliver 5,000 pairs of compression…
Maersk
03 Apr, 2020

Maersk launches insurance product

in News
Maersk has teamed up with Zurich Insurance Plc (Zurich) to bring Maersk Cargo Insurance,…
Aeromexico 1
02 Apr, 2020

FCS expediting medical shipments

in News
Urgent medical equipment for healthcare workers and coronavirus patients is continuing to…

In any highly-cyclical small-margin business a drop in unit revenues of almost 11 percent year-over-year (YoY) and of 8.5 percent month-over-month (MoM) would make all alarm bells ring.

In the first month of 2015, such a drop in unit revenues (in this case revenues per kg, measured in US$) is exactly what happened to the worldwide air cargo business. Yet, we maintain that alarm bells can remain silent, for three reasons.

Firstly, a good case can be made for the statement that almost 2/3 of the yield drop was caused by decreasing surcharges, perhaps a surprising development for all those who referred recently to what they called "anecdotal evidence" that surcharges have not come down. The reason behind this decrease would seem to be good news for everyone involved, with a possible exception for the oil companies. A second element in the US$-yield decrease was the deteriorating exchange rates of virtually all currencies against the dollar. Lastly, there was the usual effect of January showing lower yields than December: -4.4 percent in Jan 2013, and -3.0 percent in Jan 2014.

A bad start? We think not. Business as usual then? Difficult to say given the industry's diverging performance from one region to another. Worldwide January volumes were up by 3.2 percent year-over-year (YoY), not great, but also not too bad given the fact that January 2014 was already part of the recovery that started in Autumn 2013.

North America and Asia Pacific were the origin regions with the largest YoY volume growth (8.3 percent and 5.5 percent respectively), the former also being the only region that hardly lost volume compared to December. A substantial part of the growth in the USA came from Pacific States business destined for Asia, presumably a nice windfall from the port problems... The MoM performance was particularly worrisome for the region Central & South America: 19 percent volume loss accompanied by a yield drop of 10 percent. January also marked this region's first YoY volume contraction. Africa had the smallest YoY  percent-growth in twelve months, whilst Europe and the Middle East & South Asia (MESA) showed "business as usual" by continuing their below average growth pattern.

Saying it with flowers?

For longer term developments, this month we take a quick look at a specific part of the perishables markets over the past three years: flowers. The role of flowers in the total perishables palette has diminished. Whilst the overall air cargo volume in 2014 was 9.0 percent up on 2012, and perishables in general even by 23 percent, WorldACD recorded a growth of 13 percent in the volume of flowers carried by air.

At a conference held in South Africa recently, Amsterdam Schiphol urged the air cargo sector to develop answers to technological developments in shipping. Understandably so, since Western Europe – being the main destination for flowers – stands to suffer most from a growth in flower markets lagging behind the general growth in perishables. Other destinations thrived, for example the Gulf Area with inbound growth of 57 percent in two years.

Worldwide yields from the transport of flowers decreased by more than the overall yields between 2012 and 2014: -10.2 percent vs. -5.2 percent.

We saw some notable deviations from this trend, however. Flower transport from South America, although still the highest yielding in the business, suffered a yield drop of 13.5 percent. At the other side of the Atlantic, Europe, lost only 0.1 percent in yield in the same period. But the flowers from the origin North America really stood out: a volume increase of 12 percent accompanied by a yield increase of 11.9 percent.

- WorldACD provides air cargo market data based on airline sources covering all countries.

OUTNOW

Corporate News

freightHub2020 BannerSMALL

digital-magtwitter-fw1utube-fw2loinked-fw3

- powered by Quickchilli.com -