Global air freight volumes continued their robust growth in August, spurred by Asia-Pacific cargo traffic that expanded 6.3 percent during the month, according to International Air Transport Association data.
European air freight shippers are facing fresh disruption today as a strike by Lufthansa pilots forced the cancellation of 50 long-haul flights to and from Frankfurt, Germany, the German carrier’s global cargo hub.
The world’s top integrators are waiting to see how the recent ruling by China’s State Council to liberalize domestic package delivery will play out across the multibillion dollar market dominated by a multitude of small low-cost operators.
Asia Pacific airlines saw freight traffic grow by 6.2 percent in August on the back of robust demand for electronic consumer products, according to the Association of Asia Pacific Airlines (AAPA).
The approaching holiday season will lift air freight pricing through the rest of this year, according to Drewry Shipping Consultants.
TNT Express today issued a profit warning for 2015 because of tough trading conditions in Europe.
Air and ocean freight are expected to see “good” trade volume growth through the third and fourth quarters of 2014, especially in air freight, given a strong peak season outlook and a number of high-profile tech product launches, according to a new survey from the investment firm Stifel Nicolaus.
Even as air freight space out of China is has tightened because of the launch of the Apple iPhone 6, the typical air freight surges associated with major electronics product launches are not what they used to be.
Air cargo out of Asia is seeing its first peak season in five years, and better capacity management among cargo carriers is set to push up freight rates into the last quarter.
There really was a Christmas in July this year, at least in terms of increased global container business. That bodes well for North American trucking, intermodal rail and package delivery companies now preparing for an influx of freight ahead of the holiday season.