New data shows the air cargo boom is slowing
Global airfreight volume growth has slowed to 2.6% in May of 2018, heralding a potential halt to the recent booming sector, according to CAPA.
According the latest figures from WorldACD, the 2.6% growth in May compares unfavourably with the growth of 4.3% witnessed so far in 2018.
In 2017, demand around 9.6% positive.
The WorldACD said in a statement: "The development in air cargo in the month of May 2018 confirms a downward growth trend noticed since the start of this year, but growth it is nonetheless.
“The fear of growing protectionism is real, and that fear may well play a role in a shift away from consumption.”
The trade war fears are having widespread impact on several key transport and logistics sectors, however full-scale trade war is still some way off.
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