Global airfreight demand clocks its fastest pace of growth in 14 months in the International Air Transport Association's June 2016 data.
Asia-Pacific airlines report a 3.5-percent increase in demand for air cargo in June compared to 2015, while capacity expanded 3.6 percent. The Asia-Pacific airfreight market has been improving in recent months, most notably the large "within Asia" market. Despite that, freight volumes from "emerging Asia" continue to face headwinds from weak trade in the region and globally.
North American carriers saw freight volumes expand 4.3 percent in June 2016, compared to the same period last year. Capacity increased 4 percent. International freight volumes continue to suffer from a strong U.S. dollar, keeping the U.S. export market under pressure.
European airlines posted a 5.1-percent increase in freight volumes and a 4.9-percent increase in capacity in June 2016. The positive performance corresponds with signs of an increase in export orders in Germany over the past few months. Seasonally adjusted freight results for Europe are now trending upward.
By Jason McDowell via Inbound Logistics