Inside Logistics

International freight numbers are up, but still down

ACI releases its growth stats and finds freight is up 19%


October 5, 2010
by MM&D staff

The Airports Council International (AIC) released its World’s August PaxFlash and FreightFlash.

Overall the stats confirm the softening of growth expected for the second half of the year, says the ACI.

In the freight market, international freight for the first time since November 2009 grew less than 20 percent, which is significantly down from its 35 percent peak in May.

The Middle East and the Asia-Pacific region registered the slowest international growth rates at 10.6 percent and 17.1 percent, respectively.

The other regions retained growth above 20 percent, lead by Africa (+35.3%) and North America (+23.8%).

Domestic freight was accelerated by a 9.1 percent increase in North America, which contrasted with a modest 3.1 percent growth in Asia-Pacific.
 
“Total freight growth in August of 15.1 percent was lower than the 12-month rolling average of 16.6 percent, which indicates a sharp softening of the recovery,” says Andreas Schimm, ACI director Economics.

“The relatively moderate numbers in Asia-Pacific and the Middle East, which account for half of the international air freight market, could point to further slowing of trade.”