Airport cargo volumes decline in August

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.”

Share this story

Related Topics

Latest cargo airport news

SAS selects WFS for Boston cargo handling

Scandinavian Airlines (SAS) has selected Worldwide Flight Services (WFS) to provide cargo handling services at Boston Logan International Airport. The…

Read More

Share this story

Air cargo infrastructure investments still critical

Major airports in the US are still suffering from lack of investment in air cargo infrastructure and operations and as…

Read More

Share this story

Brussels cargo community teams up for first TIACA BlueSky workshop

TIACA and Air Cargo Belgium held the official launch workshop for the first TIACA BlueSky community. The Brussels community, which…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.