WORLDWIDE air cargo flown tonnages continue to decline in August, with a five per cent drop recently and a 10 per cent decline in the first three weeks of August, reports Bahrain's TradeArabia.
The decline is steeper than last year, when there was a six per cent decline in the same three weeks.
worldwide chargeable weight decreased five per cent compared with the previous week, and the average worldwide rate decreased based on 350,000 weekly transactions covered by WorldACD's data.
Average worldwide rates decreased one per cent, while chargeable weight decreased six per cent, despite a capacity increase of one per cent.
Volumes ex-Europe and from the Middle East and South Asia each fell eight per cent, while there were falls of six per cent from Asia Pacific and drops of five per cent from both North America and Africa.
Notable declines included a seven per cent drop from the Asia Pacific to Europe and from North America to Europe, plus a five per cent drop from the Asia Pacific to North America.
SeaNews Turkey
The decline is steeper than last year, when there was a six per cent decline in the same three weeks.
worldwide chargeable weight decreased five per cent compared with the previous week, and the average worldwide rate decreased based on 350,000 weekly transactions covered by WorldACD's data.
Average worldwide rates decreased one per cent, while chargeable weight decreased six per cent, despite a capacity increase of one per cent.
Volumes ex-Europe and from the Middle East and South Asia each fell eight per cent, while there were falls of six per cent from Asia Pacific and drops of five per cent from both North America and Africa.
Notable declines included a seven per cent drop from the Asia Pacific to Europe and from North America to Europe, plus a five per cent drop from the Asia Pacific to North America.
SeaNews Turkey