December 05, 2019: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 3.5 percent in October 2019, compared to the same period in 2018.
This marks a weak start to the traditional peak season for air cargo and the twelfth consecutive month of year-on-year declines in freight volumes.
Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.2 percent year-on-year in October 2019.
Freight volumes on key Africa-Asia routes were up 23 percent annually in September.
Against a backdrop of operational and geopolitical challenges facing some of the region’s key airlines, seasonally adjusted freight volumes in the region have resumed a modest upwards trend which is a positive development for the region’s carriers.
The US-China and South Korea-Japan trade wars have negatively affected the region.
August 7, 2019: Demand in global air freight markets decreased by 4.8 percent in June 2019, compared to the same period in 2018, revealed International Air Transport Association (IATA).
Measured in freight tonne kilometers (FTKs), the fall in demand marked the eighth consecutive month of year-on-year decline in freight volumes.
Asia-Pacific airlines saw demand for air freight contract by 5.4 percent in June 2019, compared to the same period in 2018 - the sharpest declines in year-on-year growth in total air freight volumes.
FTKs for the within-Asia market have decreased more than 10 percent over the past year.
Air freight capacity increased by 1.8 percent over the same period.
Globally, trade growth is languishing, and business uncertainty is compounded by the latest tariff increases in the US-China trade dispute.
December 04, 2019: Cargolux Airlines has renewed its Cargo iQ certification for the next three years.
The Cargo iQ audit ensures that the company complies with Cargo iQ standards and contributes to the seamless transportation of air cargo in the supply chain.
Cargo iQ is an IATA-interest group comprising airlines and forwarders that aims at improving the work processes throughout the transport journey from shipper to consignee.
The objective is to implement processes, backed by quality standards that are measurable and supported by data.
As a founding member of the initiative, Cargolux takes the issue of seamless shipment transit very seriously and strive to enhance transparency and cooperation within the process.
Franco Nanna, director global logistics services explained, “Cargolux has been committed to the Cargo iQ project since the very beginning and has been actively involved in the development and implementation of improved business processes.
