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

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Geodis commissioned for France mask supplies
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BBE postponed to September
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Hactl lands third CEIV
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Khalifa Port launches autoterminal
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air cargo China cancelled
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Lufthansa hopes to keep cargo flying
Lufthansa Cargo is making every effort to maintain...

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Swiss WorldCargo continues to support shippers
Swiss WorldCargo has made further adjustments to i...

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Tiaca technical group achieving results
The International Air Cargo Association (TIACA) is...

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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
Swiss WorldCargo continues to support shippers
Tiaca technical group achieving results

 

 

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AMSTERDAM: February 28, 2018. Air Cargo analyst WorldACD says the average global air cargo yield dropped to US$1.89 in January 2018 - 7.8 percent below the December level, but 16.8 percent higher than in January 2017:

"Taking the year-over-year (YoY) figures for January 2018 at face value, 2018 would seem to be off to a very good start.

"Virtually all airlines recorded US$ revenue growth, more than one third of all reporting airlines realized volume increases from 10 – 50 percent, and worldwide volumes were up by 8.5 percent (from Europe and Latin America even by more than 11 percent).

"The origin Africa was the month's outlier (exception) on two counts. It showed a negative volume growth YoY of [minus] 6.7 percent, [and] it was also the only region showing a positive US$ yield change month-over-month of 1.8 percent.

"All other origin regions recorded US$ yield drops from 1 – 10 percent MoM, bringing yields back from the lofty peaks they reached towards the end of 2017.

Top growth percentages YoY among the largest origins in Africa came from Ghana (23 percent); in Asia Pacific from Australia (26 percent) and Japan (21 percent); in Latin America from Chile (22 percent) and Colombia (14 percent); in Europe from Germany (18 percent) and the UK (10 percent); in the Middle East & South Asia from Bangladesh (9.0 percent) and India (3.0 percent); and in the USA from the Midwest (12 percent) and the Atlantic South (10 percent).

Yet, it is too early to qualify this year's start. We have the straightforward information that the worldwide US$ yield rose by 16.8 percent YoY in January, helped considerably by a devaluing US$ [as] the YoY yield increase was a mere 1.6 percent in €.

"Volume trends, however, are difficult to interpret as Chinese New Year (CNY) - a sizeable influence on overall trade – [began] on January 28 last year and on February 16 this year. CNY normally has two effects on trade: a spike in trade before, and trade diminishing afterwards. And although the negative influence is usually felt during the two weeks following CNY, the first four days (January 28-31 in 2017) bore the brunt of the decrease.

"Thus, with GDP-growth in the world continuing, one would expect January to be much better in 2018 than in 2017 - but by how much?

"Based on FTK-data for the first three weeks of January, we believe that YoY volume growth in this 'pre-CNY-period' may well have been in the range of 4-6 percent. A serious growth, surely, but hinting at an overall growth pace lower than the increase shown in the full January figures.

"Once February data will be in, we will be able to judge how the start of 2018 has really been.

"Looking one more time at 2017, we recorded the following trends in the various air cargo product categories. Average worldwide yield for special cargo (excluding perishables) was 45 percent higher than for general cargo; a year earlier, the difference was 50 percent. General cargo grew with 11 percent vs. 7.0 percent growth for other cargo categories, [while] the figures for 2016 were 3.0 and 5.0 respectively.

"High tech, flowers and pharmaceuticals showed the highest absolute growth of all special cargo. Biggest contributors to the growth in these categories were Hong Kong & Singapore, Colombia & Ecuador and India & Belgium respectively. Put differently, the biggest contributors to the growth in these three categories were DB Schenker, Cargomaster and Kuehne + Nagel respectively."

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