Sept best month this quarter: WorldACD
"Judging by the first three quarters of the year, 2015 will be known as a year of modest volume growth, coupled with the largest USD-yield decrease in many years."
February 6, 2015
By Donald Urquhart
September turned out to be the best month of this year’s third quarter according to the latest statistics from WorldACD, with a worldwide volume growth of 1.9 per cent year-on-year (YoY) and a modest month-over-month (MoM) yield increase (in USD) of 0.4 per cent, the first such improvement since last February.
The origin Africa trade continued to lead with a volume growth of four per cent, similar to this month’s growth for the origins Europe and Asia Pacific. The Gulf Area recorded a volume decline of 21 per cent, heavily influenced by the shift in Eid al-Adha from October last year to September this year, according to the report.
In the month, non-general cargo grew by 7.8 per cent YoY worldwide. This increase was mainly caused by growth in the transport of dangerous goods (+12 per cent), perishables and pharmaceuticals (both +9.0 per cent). In pharmaceuticals, Europe strengthened its dominant position (+11 per cent), while in perishables, the traditional ‘powerhouses’ Africa and Latin America lost some ground. However, in overall USD-revenues for all product categories together, Africa and Latin America lost much less than the other areas, WorldACD said.
“Judging by the first three quarters of the year, 2015 will be known as a year of modest volume growth, coupled with the largest USD-yield decrease in many years,” WorldACD said. YoY volume increased by 4.2 per cent in Q1, by 2.8 per cent in Q2 and by a mere 1.2 per cent in Q3, making for a year-to-date (YtD) figure of +2.7 per cent. At country level, Australia, Bangladesh and Vietnam stand out with a YtD volume growth of more than 20 per cent. Vietnam managed that growth with yields dropping very little.