Cargo maintains momentum in Feb: ACI

Following three sluggish years in freight traffic growth, global air freight markets resurged in the last quarter of 2013 and into 2014, according to the Airports Council International (ACI).


Cargo maintains momentum in Feb: ACI


Following three sluggish years in freight traffic growth, global air freight markets resurged in the last quarter of 2013 and into 2014, according to the Airports Council International (ACI).

Growth in air freight volumes have stayed in positive territory for the fifth month in a row, posting an overall gain of 2.6 per cent for the month of February.

The Asia-Pacific region grew only modestly with respect to international freight at 1.4 per cent year-on-year and this is consistent with the overall slowdown in the Chinese economy, the ACI said. While Hong Kong (HKG) contracted by one per cent in international freight volumes in February, the airport has seen international volumes rise by 2.2 per cent over a twelve-month period. Shanghai (PVG) has also experienced modest growth at 1.4 per cent over the same period.

With a more favourable outlook in economic growth and global trade, European air freight markets appear to have resurfaced once again, posting an overall gain of 3.9 per cent in total freight traffic. Amsterdam (AMS), Paris (CDG) and Frankfurt (FRA) each posted gains of 8.7, 4.9 and 3.4 per cent respectively.

“While there is some optimism in the air regarding the positive growth in the air freight market, there are two forces at play which are pushing the pendulum in opposite directions. As North America and Europe get back on course, a cyclical slowdown in emerging markets such as China will likely translate into subdued growth in the global freight market,” said ACI World’s economics director Rafael Echevarne.