Air Freight Stalls as Seafreight Steams Onwards in November — Panjiva


Air Freight Stalls as Seafreight Steams Onwards in November

Corp - Ports 661 Global 722 Mode - Airfreight 131 Mode - Seaborne 1273

Global airfreight growth ground to a halt in November with volumes unchanged vs. a year earlier after a 2.5% rate of expansion in the prior three months. A 2.3% drop in volumes handled by Asian airlines is to blame, likely reflecting the effect of U.S. tariffs on Chinese exports in part. Capacity growth continued with the result of a fourth straight month of lower load factors, which could suppress profitability for the airlines and freight forwarders. The airlines likely underperformed marine freight. Seaports in China, Hong Kong and Singapore saw a 4.3% increase in containerized freigh...

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