Chinese New Year confirms air cargo slide in Asia Pacific: WorldACD

The usual strong dip after CNY was deeper this year than last year, and also lasted longer in terms of “low-business days”.


WorldACD


But WorldACD highlighted that contrary to what other sources have reported, the more positive news is that worldwide yields, measured in USD, remained basically stable between January and February. There were considerable differences between the various origin regions, however: Africa and Europe were also leading in this category, with a 7.6 per cent jump in African yields and one of 2.2 per cent in European yields.

Some smaller countries stand out for their outstanding start to the year: In the first two months of 2016, revenues in USD increased YoY by 38 per cent from Morocco, 23 per cent from Chile, 13 per cent from Sri Lanka and 10 per cent from Bangladesh.

In the products domain, the transport of perishables reinforced its reputation of performing much better than general cargo with both volumes and yield declining in 2015 at a much lower percentage than general cargo.  “Does this trend weigh in on the much discussed modal shift from air to sea? Although certain perishables look immune to that shift so far, whether or not a modal shift may take place differs from country to country and from one commodity to another,” WorldACD said.