Airport cargo volumes decline in August
21 / 10 / 2015
Global airfreight volumes at airports continued to slow in August as China’s economic slowdown took its toll on the cargo industry.
The latest data from Airports Council International shows airports recorded an August decrease in cargo volumes of 0.2% year-on-year (see table below).
For the first eight months of the year, volumes are 2.8% ahead of the same period in 2014, showing how growth has slowed as the year progressed.
ACI said the slowdown was linked to the Chinese economy and stagnation in North American volumes.
“Global airfreight markets were affected by slowing economic growth in China,” ACI said.
“With a high concentration of the world’s major airfreight hubs located in the region, this has an impact on global growth in volumes, which has remained flat as compared to last year.
“Hong Kong (HKG), the region’s largest air freight hub, declined by 1.4% year-over-year.
"Despite the economic revival in advanced economies, airfreight contracted by 1.7% in North America.
“Memphis (MEM), a major FedEx hub, and Louisville (SDF), the UPS hub, each experienced a decrease of 1.4% and 0.8% respectively in terms of year-over-year growth in volumes.”