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-08.13.18

Airborne Unmanned-08.14.18

Airborne Unlimited-08.15.18

AMA Drone Report-08.09.18

Airborne Unlimited-08.10.18

Airborne-YouTube

Airborne Unlimited-08.13.18

Airborne Unmanned-08.14.18

Airborne Unlimited-08.15.18

AMA Drone Report-08.09.18

Airborne Unlimited-08.10.18

It's ALIVE!!! The 2018 AirVenture Innovation Preview is Viewable RIGHT NOW at www.oshcast.com or www.oshcast.net!

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

AMA Drone Report 08.09.18: UK Kid/Drone Ban?, FAI Int'l, UAV 'Attack' Fallout?

Also: FAA: NO Drones Near Wildfires, Solar-Powered Record, Louisiana UAVs, Drone Center Of Excellence The U.K. has new drone rules under consideration that would ban people under 1>[...]

Airborne-Unmanned 08.07.18: Pipistrel OPV/UAVs, Drone Med Supply, ParaZero Save

Also: Aurora Flight Sciences, Advanced sUAS Inspection, GA-ASI Selected, Drone Center Of Excellence The aviation and aerospace is constantly abuzz with details about the latest gen>[...]

It's ALIVE! 2018 AirVenture Innovation Preview Program Now Available

Get The Inside Details On THE Most Exciting NEW Innovations And Product Announcements From OSHKOSH 2018... The staff of EAA and the Aero-News Network were pleased to release the la>[...]

Airborne 08.13.18: Bizarre Q400 Theft, Female Hurricane Hunters, One Week Wonder

Also: Colorado Reservists, Flight Examiner Bribe Attempt, Boeing 737 Logjam, World Helicopter Day An airport worker, first identified as a mechanic, and then as a ramp agent, appar>[...]

Airborne 08.10.18: ANN Flies Sling TSi, Indoor Skydivers, Bob Hoover Artistry

Also: 2Q-18 Avionics Sales, HondaJet Elite Deliveries, Pilot Sentenced, Drone Herds Birds The day after Oshkosh 2018 came to a close, ANN’s Jim Campbell had the chance to be >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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