|Vol. 17 No. 8||
Friday February 9, 2018
market is highly competitive, so we are excited to offer convenient access
to expanded metal-neutral capacity to customers shipping westbound across
the Pacific,” declared United Airlines Cargo President Jan Krems.
On February 6 United Airlines and All Nippon Airways expanded the carriers’
cargo joint venture, adding westbound transpacific routes to the successful
eastbound transpacific phase launched last summer in July 2016.
Ahead of the Chinese
New Year (CNY) factory shutdowns, market signals are rather mixed—and
not just for air cargo.
Where Art Thou Rates?
Digital forwarder Flexport
said air freight rates on key lanes were currently stable, with no significant
gains apparent from China gateways, but added that the situation could
change this week.
But analysts are not united when it comes to reading the current market.
The TAC Index covering average prices per kilo from Shanghai PVG to Europe
fell 9 percent to CNY17.40 (USD2.76) on February 5 compared to a week
earlier, for example, while average prices from Hong Kong to Europe and
the U.S. on February 5 were 3.5 percent and 3.83 percent lower, respectively,
than a week before.
Looking Beyond CNY
It will become clearer
next week precisely why pre-CNY freight markets have so far been relatively
flaccid, at least compared to expectations, but the outlook for the rest
of the year is rosy. Certainly, unless this week’s stock market
declines are harbingers of an economic downturn, there is also little
on the global economic horizon to suggest anything but a prosperous year
for air cargo supply chain stakeholders. Both IATA and Boeing recently
predicted growth in cargo demand in 2018 of around 4.5 percent which,
considering the heady numbers recorded in 2017, would represent a healthy
Reviewing 2017 By The Numbers
As de Juniac noted, aided
by 5.7 percent year-on-year demand growth in December, IATA’s full-year
2017 data for global air freight markets showed that demand, measured
in freight ton kilometers, grew by 9.0 percent—more than double
the 3.6 percent annual growth recorded in 2016 and twice the 4.3 percent
expansion in world trade.
World Winners Galore
WorldACD, meanwhile, hailed
2017 as “a record breaker.” Of course, in a ‘Trumpian’
zero-sum world, not everyone can be a ‘winner.’ But in 2017
it was difficult to identify the losers. General cargo volumes grew by
10.5 percent compared to 2016, according to WorldACD, while specific cargo
products grew by 7.4 percent, resulting in overall volume growth of 9.6
percent. “The categories with the highest volume growth were Vulnerables
& High Tech, Pharmaceuticals, and Flowers, showing a USD-yield growth
of 8 percent, 5.4 percent, and 1 percent, respectively,” said the
So What About 2018?
With positive trends continuing
through the past year, the big question is of course how long all of this
Airports Council International delivered numbers
through November 2017 reporting an increase in global cargo of 8.2% for
the first eleven months of last year—near record levels.
To Read More, Click Here
To Read More, Click Here.
in February Valentine's Day and affairs of the heart take center stage.
Prizes & A Bite Back
“All participants will be entered in a
chance to win 1 of 3 $25 gift cards.
PayPal founder and
master of making science sexy, Elon Musk shipped a Tesla out into space
Tuesday atop a Falcon Heavy Rocket from the legendary Pad 39 at Cape Canaveral,
If You Missed Any Of The Previous 3 Issues Of FlyingTypers
Access complete issue by clicking on issue icon or
Access specific articles by clicking on article title
17 No. 5
Climate Is Front Page News
Chuckles for January 29, 2018
Nordic Countries Go Greener
Qatar Cargo QEP Cool
17 No. 6
We Like Mike CNS President
Chuckles for January 31, 2018
2025 On Fruit Logistica Berlin
Screen Tightens The Screws
Blue Moon Over Darmstadt
Publisher-Geoffrey Arend • Managing Editor-Flossie Arend
Film Editor-Ralph Arend • Special Assignments-Sabiha Arend, Emily Arend • Advertising Sales-Judy Miller
comments and news to firstname.lastname@example.org