IATA: Freight Growth Slowdown Continues In June | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited-10-15-18

Airborne Unlimited-10-16-18

Airborne Unlimited-10.17.18

Airborne Unlimited-10.18.18

Airborne Unlimited-10.19.18

Airborne-YouTube

Airborne Unlimited-10-15-18

Airborne Unlimited-10-16-18

Airborne Unlimited-10.17.18

Airborne Unlimited-10.18.18

Airborne Unlimited-10.19.18

Fri, Aug 10, 2018

IATA: Freight Growth Slowdown Continues In June

Study Shows Less Than Half The Growth Rate Recorded In 2017

The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 2.7% in June 2018, compared to the same period the year before. This continues the slowdown in air cargo growth that began earlier in 2018. Growth for the first half of 2018 stands at 4.7%, less than half the growth rate in 2017.

Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 4.1% in June 2018. Capacity growth has now outstripped demand growth in every month since March.

There are three main factors driving the slowdown:

  • The restocking cycle, during which businesses rapidly built up inventories to meet demand, ended in early 2018. There was a marked fall in air cargo volumes from March.
  • We are now seeing a structural slowdown in global trading conditions as indicated by the fall in the Purchasing Managers Index (PMI) to its lowest level since 2016. Factory export order books have turned negative in China, Japan and the US.
  • The temporary grounding of the Nippon Cargo Airlines fleet in the second half of June exaggerated the slow-down by shaving up to 0.5 percentage points off June growth.

“Air cargo continues to be a difficult business with downside risks mounting. We still expect about 4% growth over the course of the year. But the deterioration in world trade is a real concern. While air cargo is somewhat insulated from the current round of rising tariff barriers, an escalation of trade tension resulting in a ‘reshoring’ of production and consolidation of global supply chains would change the outlook significantly for the worse. Trade wars never produce winners. Governments must remember that prosperity comes from boosting their trade, not barricading economies,” said Alexandre de Juniac, IATA’s Director General and CEO.

(Source: IATA news release. Image from file)

FMI: www.iata.int

Advertisement

More News

Expert Help Wanted: Could YOU Be The Next Face Of 'Airborne?'

Aviation's Longest Running Video News Program Is Seeking New Talent For Airborne Expansion ANN is on the hunt for next new face of our Airborne news program series... in order to a>[...]

AMA Drone Report 10.11.18: MultiGP/DRL Join Up, Hurricane Warning, EAA Support

Also: Airspace Authorization Expire?, MOSAIC Proposal, New LAANC Providers, FAA Targets UAS Violators The 2018 MultiGP Drone Racing Championship and 2019 DRL Swatch Tryouts eSports>[...]

Airborne-Unmanned 10.09.18: FAA Reauthorized, MQ-9B SkyGuardian, MultiGP/DRL

Also: V-247 Vigilant UAV, ParaZero FAA Waiver, AUVSI'S Trusted Operator, Augusta Drone Company The President of the United States has signed the long-term FAA Reauthorization that >[...]

Airborne 10.18.18: PC-24 Expands Reach, Falcon 8X EFVS, Honda Performance Pkg

Also: NetJets Global 7500, New Tower At KGSO, Dassault FalconConnect, Bent Wing Flight Services The PC-24 is taking hold across the globe... Following the TC issuance last December>[...]

Airborne 10.19.18: Thunderbird G-LOC, AEA Prepares, Zenith Workshops

Also: Sonaca Aircraft, Enstrom 280FX Sale, Boeing Forecasts Air Cargo Traffic, FlightAware We now have more information about the tragic accident that took the life of Thunderbird >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC