Worldwide airfreight volumes dropped 0.9 percent year-over-year in November, according to the latest figures from industry analyst World ACD.
Worldwide airfreight volumes fell 0.9 percent in November compared to November 2014, the first year-over-year decline in monthly airfreight volumes since June 2013, according to the latest figures from industry analyst World ACD.
Yields, measured in U.S. dollars, improved for the third month in a row, but World ACD noted the 1 percent increase was smaller than the usual yield improvement from October to November.
Intra-Asia Pacific air cargo volumes have been weak, registering a 1.3 percent year-over-year drop in volumes for the last three months.
In addition, volumes from the Americas have contracted since August compared to the corresponding period in 2014.
North American airfreight carriers saw volumes decline 3 percent on average for the past three months compared to the corresponding period in 2014, while Asia Pacific and European airfreight carriers saw negligible growth.
On a brighter note, carrier groups from Africa and MESA posted year-over-year volume growth of 2 percent and 7 percent, respectively, on average over the past three months.
In addition, China and Hong Kong’s exports by air to North America have been strong since the beginning of 2015, and their exports to Europe, which were weak during a good portion of 2015, saw positive results over the past few months.
Between August and November, yield patterns for the Asia Pacific origin rose 17 percent to Europe and 10 percent to North America compared to the corresponding period in 2014.
Global air cargo volumes suffer in November
