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WorldACD: Global Air Cargo Volumes Down
Air Transport

WorldACD: Global Air Cargo Volumes Down

MESA region remains stable

TLME News Service

In the latest trends report from air cargo data firm WorldACD, January 2019 has proved to continue the poor growth of 2018 with a volume drop of 2% year-on-year, coupled with a yield drop of 2.5%.

The drop has been attributed to a dive in perishables, pharmaceuticals and technology sectors.

Despite the global dip, the smaller regions of Africa and Central & South America (C&S Am) did achieve a year-on-year increase in outgoing business (by 3.8% and 0.6%).

All other origin regions were down on the year, with MESA region (M.E. and South Asia) staying relatively neutral year-on-year.

The countries doing well in January were Morocco and Egypt in Africa, and Ecuador and Costa Rica in C&S Am.

Perhaps one of the oddest elements of the latest was the UK.

While currently embroiled in Brexit uncertainty, almost all countries in Western Europe witnessed a 5.5% loss in total, while the UK grew by 5%.

This could be attributed to a pre-Brexit stocking up of goods.

Read more: Air Freight Tops Online Searches in UAE