Although November is typically a strong month, airfreight volumes rose steadily (up on October’s 4.4 per cent growth) even after accounting for seasonal impacts, a statement reads.
The increase in air cargo freight tonne kilometres (FTKs) in November (and recent past months) is consistent with an improving business environment.
Asia Pacific was a key component in the overall result. The jump in demand among the region’s carriers, which accounts for some 40 per cent of the global market, is a good indicator for broader air freight improvements in the coming months. Cargo demand grew by some 4.9 per cent compared with the same period the previous year. A rebound in Asian trade volumes; the improving Chinese economy, along with stronger demand for Asian manufactured consumer goods in North America and Europe, fuelled the increase.
Meanwhile, European carriers recorded an eight per cent hike with the Eurozone showing signs of further growth in the fourth quarter.
Please get in touch with our Air Freight experts to enquire about all shipping enquiries.