Cargo traffic maintains growth momentum: ACI
The Airports Council International (ACI) reported that cargo traffic maintained its growth momentum for the fourth consecutive month, up 2.8 per cent in January 2014, yearon- year.
April 1, 2014
The Airports Council International (ACI) reported that cargo traffic maintained its growth momentum for the fourth consecutive month, up 2.8 per cent in January 2014, yearon- year. Most of the rise in air freight activity originated from improvements in the international freight markets as a result of growing business confidence and improvements in international trade, according to ACI. “Thus, the recent rise in air freight volumes signals a potential revival,” the airports association said.
The major international freight hubs of Hong Kong (HKG), Dubai (DXB) and Incheon (ICN) all posted international freight traffic gains of 5.3, 4.5 and 8 per cent respectively.
“While there is an improvement in global economic conditions on several fronts, there is still a sense that we have not completely weathered the storm. Although we see relatively strong growth in international freight markets, domestic markets in North America and Asia- Pacific continue to decline. With talk of a Chinese slowdown, this may translate into bad news for the air freight market, particularly at major freight hubs in the region. We should therefore treat the recent resurgence in air freight with cautious optimism,” said ACI World’s economics director Rafael Echevarne.