August: double digit air cargo growth again
World ACD reported a worldwide airfreight volume increase of 12.9% year-over-year (YoY) in August, thus confirming the current trend with double-digit growth. At 14.6%, YoY growth in direct ton kilometres was even higher, underscoring the trend of a growing average distance between point of origin and point of destination of air cargo shipments, just like the average shipment size.
Revenues increased by more than 23%, helped by an average YoY yield increase of USD 0.15, no doubt helped by the strengthening of the EUR against the USD.
So far this year, the origins Asia Pacific and Europe have outperformed other regions consistently. But August brought robust growth from North America as well. These regions each posted more than 15% YoY volume growth. (ah)