That was the year that was

INTERNATIONAL cargo markets contracted 0.6 per cent during last year, IATA says.

“Healthy passenger growth, primarily in the first half of the year, was offset by a declining cargo market,” Tony Tyler, IATA’s director general, comments.

Although international freight markets shrank 0.8 per cent in December, compared to a year ago, December international demand was 1.5 per cent ahead of the level in November, while domestic demand was up 3.2 per cent compared to November and 5.5 per cent compared to December 2010.

Freight markets have now shown sequential month-over-month growth in November and December, indicating that international trade may be stabilising.

Freight load factors declined considerably to 45.9 per cent in 2011, as measures to match capacity with demand by reducing the freighter fleet have been offset by introduction of new twin aisle passenger aircraft, IATA says.

“Let’s hope that 2012 will be the year when politicians put the required political capital behind important projects such as the Single European Sky and NextGen in the US,” Tyler adds.

Share this story

Related Topics

Latest news

The longer term impact of the coronavirus outbreak on forwarders

By Richard Charles - WACO

Richard Charles, chief executive of independent forwarding network WACO, outlines how supply chains could change following the coronavirus outbreak. The…

Read More

Share this story

Why freighter strategy is a loaded question for Boeing

Few would dispute that Boeing has long shaded Airbus in the cargo sector with its broad portfolio of new-build “factory…

Read More

Share this story

Forwarders offer other modes in response to China air cargo congestion

By Damian Brett

Expeditors and DSV Panaplina have both been promoting alternatives to air cargo, such as road, rail and express ocean, as…

Read More

Share this story