Air cargo/global logistics: IATA reports “ash crisis” caused decline in cargo sector

By Patrick Burnson, Executive Editor
May 28, 2010 - LM Editorial

The International Air Transport Association (IATA) announced international scheduled air traffic results for April 2010, noting that international scheduled cargo traffic saw the pace of its recovery slow to 25.2 percent growth.
“The ash crisis knocked back the global recovery - impacting carriers in all regions,” said Giovanni Bisignani, IATA’s director general and CEO.
Although less dramatically hurt than passenger traffic, the global cargo sector took a significant hit.
The global purchasing managers’ index rose to its second highest level ever in April, indicating that the fundamentals of the air freight business were not affected by the crisis. We are, however, nearing the end of the inventory cycle and would expect freight growth to slow down over the rest of the year.
The scale of the ash crisis saw global load factors drop to 76.9 percent from the 78.0 percent recorded in March. Freight load factors also dipped to 55.3 percent from the 57.1 percent recorded in the previous month. While March traffic was within 1 percent of pre-crisis levels for both passenger and cargo, this slipped to 7 percent for passenger and 3 percent for cargo in April.
Looking ahead, Bisignani challenged Europe to reform its air traffic management.
“The ash crisis was an embarrassing wake-up call for European governments. We need leadership to deliver the Single European Sky, fair passenger rights legislation and continent-wide coordination,” said Bisignani.



About the Author

image
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 .(JavaScript must be enabled to view this email address).


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!

Recent Entries

The high-volume warehouse or distribution center that supports B2B, Omni-channel activities, direct-to-consumer shipments, and the Internet of Things all require a flexible and scalable supply chain in order to function at optimal capacity. The problem is that most of today's supply chains are made up of fragmented silos of information that compromise their ability to compete, be responsive to customer demands or seize new business opportunities.

As customers' demands constantly evolve, transportation and logistics (T&L) operations are being put under growing pressure to offer more efficient delivery services, while not compromising on customer service. Using findings from a research survey conducted among transport and logistics managers around the world, this report explores how a combination of mobile technology implementations for mobile workers, and process re-engineering efforts can elevate operations to the next level.

It's a fact - most best-of-breed WMS providers force you to pay every time you require a system change. Uncover five more dirty secrets many warehouse management systems providers don't want you to know. Download the white paper 5 Dirty Secrets of Warehouse Management Systems to discover these hidden truths and gain valuable information on considerations for evaluating WMS vendors.

Not Sure? The Whitepaper "Stay or Switch" Provides the Research Necessary for You to See How Well Your Provider Stacks Up!

Too many companies invest in ERP systems but do not achieve the business benefits they anticipated. Sometimes, the ERP solution never fits the way your people and processes work.

Article Topics

News · Air Freight · All topics

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers 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. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA