Air cargo down 4.2pc in July, hit by US-China trade war: WorldACD
AIR cargo volumes in July declined by 4
AIR cargo volumes in July declined by 4.2 per cent, as measured by weight, compared to the same month a year ago with yield standing at US$1.75, down 7.7 per cent. The cargo load factor decreased by three percentage-points year on year, according to data compiled by air cargo analyst WorldACD.
High-tech and other vulnerable goods increased by 6.4 per cent year on year, while pharma and temperature-controlled goods rose by 10.8 per cent. Perishables in total grew 3.7 per cent: flowers, fruit and vegetables were up 6.1 per cent, but meat was down 3.4 per cent, reported Break Bulk Americas.
'When it comes to year-on-year comparisons for the first seven months of this dismal year for air cargo, July 2019 distinguished itself in a relatively positive way. The month showed one of the smaller decreases since January, when the world still looked reasonably okay. Following the deep drop in June (minus 8.9 per cent), July seemingly marked quite an improvement (minus 4.2 per cent),' said WorldACD.