Last year saw improvement in world trade conditions generally while resulting demand for manufactured exports and global restocking for retail were major factors in airfreight\u2019s growth during the year. <\/span><\/p>\n Airfreight FTK growth outperformed larger world trade growth during the year, which IATA attributed to year-on-year increases in new export orders for manufactured goods. <\/span><\/p>\n Other supporting factors include strong consumer confidence and growth in e-commerce and pharmaceutical transportation.<\/span><\/p>\n WorldACD\u2019s 2017 results, also released today, were similarly positive, indicating a 10.5 percent increase in general cargo for 2017. Cargo shipments from the Asia-Pacific and North American regions contributed especially to growth in December, which WorldACD reported at 4.5% y-o-y.<\/span><\/p>\n Looking ahead, IATA\u2019s expectations for the first half of 2018 call for steady growth across the industry of around 4.5 percent. WorldACD was less willing to speculate and instead noted wisely: \u201cIt is difficult to make predictions, particularly about the future.\u201d<\/span><\/p>\n <\/p>\n Summarizing the air cargo market in 2017<\/strong><\/span><\/p>\n IATA reported freight tonne kilometers across the airfreight industry rose by 9.0% y-o-y for the full year 2017, the strongest growth over a calendar year since 2010\u2019s recovery from the industry\u2019s abysmal performance in late 2008 through most of 2009.<\/span><\/p>\n Last year saw marked improvement in world trade conditions generally, and the resulting demand for manufactured exports and global restocking for retail were major factors contributing to air freight\u2019s growth throughout the year. FTKs actually outperformed the larger world trade growth, which IATA attributed to year-on-year increases in new export orders for manufactured goods. Strong consumer confidence and growth in e-commerce and pharmaceutical transportation were other contributing factors.<\/span><\/p>\n <\/p>\n You can read IATA\u2019s full analysis for 2017\u00a0here<\/a>, but some important takeaways include:<\/span><\/p>\n WorldACD\u2019s results, also released today, were similarly positive, indicating a 10.5% y-o-y increase in general cargo for the whole of 2017. For the month of December, cargo shipments from the Asia-Pacific and North American regions contributed to y-o-y growth of 4.5% in December.<\/span><\/p>\n While year-over-year growth slowed by the end of the year due to tougher annual comparisons, dollar yields were up 2.5% month-to-month in December and up 23.5% y-o-y from December 2016. Yields typically fall between November and December, so the month-to-month gain is especially noteworthy. WorldACD notes capacity shortages in some markets, higher oil prices, and fluctuations in exchange rates for the higher yields. As\u00a0Cargo Facts\u00a0<\/em>has pointed out in the past, higher yields do not necessarily lead to improved bottom lines if labor and fuel costs are rising just as fast.<\/span><\/p>\n For more Logistics News,\u00a0\u00a0\u00a0 <\/strong>Follow us on TWITTER <\/strong><\/a>\u00a0 \u00a0 \u00a0\u00a0<\/strong>Follow us on FACEBOOK<\/strong><\/a><\/span><\/p>\n Looking ahead, forecasts are mixed. IATA\u2019s expectations for the first half of 2018 call for steady growth across the industry of around 4.5% \u2013 down substantially from 2017\u2019s y-o-y growth rates, but still indicative of strong growth building on already solid industry performance. WorldACD was less willing to speculate, instead noting the immortal words of wisdom: \u201cIt is difficult to make predictions, particularly about the future.\u201d<\/span><\/p>\n Those interested in learning more about where air freight demand is headed in 2018 are invited to join us at Cargo Facts Asia where a roundtable panel will look at emerging trends in the air cargo market. The event will be held 23-25 April at the Mandarin Oriental Pudong in Shanghai. For more information, or to register,\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" The double-digit growth recorded through most of 2017 added up to the strongest growth over a calendar year since 2010, IATA reported today, as freight tonne kilometers across the airfreight industry rose by 9 percent for the year, compared to 2016. Last year saw improvement in world trade conditions generally while resulting demand for manufactured…<\/p>\n","protected":false},"author":2,"featured_media":8145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,2,47],"tags":[],"_links":{"self":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9652"}],"collection":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/comments?post=9652"}],"version-history":[{"count":1,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9652\/revisions"}],"predecessor-version":[{"id":9654,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/9652\/revisions\/9654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media\/8145"}],"wp:attachment":[{"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media?parent=9652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/categories?post=9652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/tags?post=9652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/moovafrica.com\/news\/wp-content\/uploads\/2018\/01\/Cargo-Ad-10.jpg\")
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