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-07.15.19

Airborne UnManned-07.16.19

Airborne Unlimited-07.17.19

AMA Drone Report-07.18.19

Airborne Unlimited-07.12.19

Airborne-YouTube

Airborne Unlimited-07.15.19

Airborne UnManned-07.16.19

Airborne Unlimited-07.17.19

AMA Drone Report-07.18.19

Airborne Unlimited-07.12.19

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

Airborne 07.15.19: Sporty's Foundation, World Circumnavigation, Pipistrel

Also: WJZ-CBS Adds Robinson R66, Hartzell @ OSH19, Embraer's 'TechLion' E195-E2, Special Mission Aircraft Market At 12:12:23 UTC last Thursday, Action Aviation Chairman Hamish Hard>[...]

Airborne-Unmanned 07.16.19: Bahamas UAV Delivery, Fire Scout, Police Drones

Also: Citadel Counter-Drone Tech, UX11 Drone Family, Airobotics, ANN Oshkosh Webcast Schedule A strategic partnership between Volans-i and Hogfish Ventures company Fli Drone to pro>[...]

Aero-News AirVenture Update: This Is So Cool! #OSH19COOL

We Need YOUR Help To Find AND Celebrate The Coolest Stuff At EAA AirVenture 2019, #OSH19COOL Stuff that’s new is cool… we get it… that’s why we’re b>[...]

AMA Drone Report 07.11.19: AMA Exec Council, DJI Objects, More FAA Restrictions

Also: Oshkosh Awaits!, MMC Partners W/Yuneec, Drone Strike Assessment, No Drone... Turtle! Late last month, the AMA Executive Council and the Government Affairs team took a trip to>[...]

ANN Social Media Program (ANN-SMP) Expanded For Oshkosh 2019!

ANN Keeps Pushing Aviation Media (Kicking and Screaming) Further Into The 21st Century... ANN is, again, radically updating its social media campaign for the upcoming 2019 Oshkosh >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2019 Web Development & Design by Pauli Systems, LC