Report: Global Air Freight Traffic Continues to Decline
JOC Staff | May 10, 2013 4:33PM EDT
Global air freight traffic continues to exhibit “signs of weakness” with an overall year-over-year decline of 1 percent in March, according to the Airports Council International.
Every region posted decreases in the volume of monthly freight traffic except for the Middle East, which posted an 8.7 percent increase compared with March 2012, ACI said. Amid the international slowdown, Dubai, in the United Arab Emirates, was able to attain a 14.7 percent gain. The top three freight hubs in the world, including Hong Kong; Memphis, Tenn.; and Shanghai, experienced declines of 2.2 percent, 1.4 percent and 3 percent, respectively.
“With the general downturn in business activity across major economies, the result is a systemic slowdown in the volume of goods shipped by air,” said Rafael Echevarne, ACI World’s economics director, in a written statement. “In essence, it is the international travel markets, especially in Asia-Pacific and the Middle East, that are keeping the aviation sector afloat during these uncertain times.”
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