Asia Pacific air cargo figures suggest sustained regional recovery

U.S. retailers and manufacturers continue to increase their reliance on air cargo from Asia, said a leading supply chain authority.

By ·

U.S. retailers and manufacturers continue to increase their reliance on air cargo from Asia, said a leading supply chain authority.

According to the Association of Asia Pacific Airlines (AAPA), the month of September showed a continued surge in cargo volume and traffic.

“Freight markets remained robust as the economic recovery maintained its momentum,” said AAPA spokesmen.

International air cargo demand increased by 18.5 percent compared to the same month last year, while freight capacity expanded by 19.3 percent, resulting in a 0.5 percentage point decline in the average international cargo load factor to 67.9 percent.

“Asian economies have been leading the way out of the global downturn, and this has resulted in a tremendous boost to the fortunes of carriers across the region,” said Andrew Herdman, AAPA Director General.

“Over the past nine months, we have seen a dramatic 30.2 percent growth in international air cargo traffic, compared to the same period last year.”

The International Air Transport Association (IATA) came to a similar conclusion late last month when it announced a modest global uptick in freight traffic led by Asia Pacific carriers. IATA recorded a 15.0 percent increase in freight demand over the previous year, a finding that came as scant surprise to U.S. shippers.

“We modest, but sustained growth in the region,” said Brandon Fried, executive director of the Air Forwarders Association. “On the outbound side, the nation’s entertainment and high-tech industries are reporting good numbers.”

Both Fried and Herdman noted that Asian consumers are already displaying confidence in the future—in marked contrast to the U.S.

“The overall outlook for Asian carriers remains very positive over the next 12 months,” said Herdman, “with prospects for further sustained growth in demand in line with established long term trends.”


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
The Internet of Things and the Modern Supply Chain
Learn today how the internet of things is transforming supply chain operations.
Download Today!
From the February 2017 Issue
As the new administration sends waves of uncertainly through the global trade community, this could be the best time ever for shippers to build an investment case for GTM. Here are five trends you need to watch if you’re about to put these savvy systems to work
Carrier Consolidation Keeps Shippers Guessing
Getting Value from the Cloud
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Advance your career with the fastest growing logistics certification – APICS CLTD
During this webcast presenters will give an overview of APICS and the new Certified in Logistics, Transportation and Distribution (CLTD) designation. Learn how the CLTD program can help you stay on top of current trends and advance your career.
Register Today!
EDITORS' PICKS
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...

Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...