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Air Cargo Volumes Drop in April

Air Cargo Volumes Drop in April

According to statistics from CLIME Data Services the air cargo industry continues to be buffeted by a range of issues that resulted in volume declines deepening in April.

Air cargo volumes declined by 8 per cent year on year in April following on from a 4.5 per cent fall in March, reports London’s Air Cargo News.

Meanwhile, capacity increased by one per cent year on year in April, resulting in a nine percentage point fall in the global dynamic load factor – taking into account both weight and space to 62 per cent.

CLIVE said that the conflict in Ukraine and Covid restrictions, and the rising cost of living were all having an impact on air cargo with the fall in demand likely “exacerbated by the staff shortages jolting airport handling services and manufacturing production”. Despite the lower volumes and load factors, airfreight rates in April increased by 26 percent on last year.

“The rationale behind lower load factors and higher rates is the bottleneck on the ground – which appears to be being caused now by not only the shortages of people handling cargo at airports around the world and the severe lack of truck drivers to move the goods, but also by a wider shortage of people for lower paid logistics jobs,” said Dr. Raymon Krishnan, President of The Logistics & Supply Chain Management Society

“We are now seeing this larger theme impacting the entire supply chain however this will be offset somewhat with the reintroduction of more passenger services this summer season as countries emerge into the better normal

 

 

 

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