Airfreight volumes show 'resilience' with 1% decli

(www.cargofee.com) News Broadcast：

The global airfreight market "inched down" by 1% year-on-year in Jan-2019, compared to a 1.5% decline in Dec-2018. Director general Angela Gittens stated: "Global air freight continued to decline, but at a slower rate and this needs to be seen in the context of last year's growth and the current market conditions. 12 months ago, the air freight industry grew 8% which was a particularly successful month, and this set a higher benchmark for January this year. Given the increased use of tariffs, continuing tensions, and resulting supply chain shocks, air freight volumes have shown some resilience in that they did not fall further". 

Domestic freight recovered from a "slowdown" with 4.7% growth in Jan-2019 and rolling 12 month average growth of 4.2%;

International freight decreased 2.2%, compared to a 1.7% decrease in Dec-2018;

North America "recovered from recent months" with 3.9% growth, which was "completely fuelled" by the domestic segment. Domestic freight increased 6% while international increased 0.7%;

All other regions recorded declines. Asia Pacific declined 1.7%, with domestic growth of 3.2% "propping up the region's overall results slightly". Africa "suffered significant volatility" but recorded positive growth for over the last 12 months despite a 1.2% decrease in Jan-2019. The Middle East was the only region with a combined growth of less than 1% in the last 12 months

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