By Beaven Dhliwayo.

Harare, Zimbabwe. (News Of The South) -The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 4.1 percent in April 2018, compared to the same period the year before.

This was up from the 1.8 percent growth in annual demand recorded in March 2018.

Freight capacity, measured in available freight tonne kilometers (AFTKs), grew by 5.1 percent year-on-year in April 2018. This was the second time in 21 months that capacity growth outstripped demand growth.
in Freight Growth Recovers Slightly in April, Up 4.1 percent


After a sharp fall in March 2018, to a 23-month low, global air freight volumes recovered slightly in April 2018. The pace at which demand is growing, however, remains significantly slower than in much of 2017.

The weaker growth in air cargo is primarily due to the end of the restocking cycle, during which businesses rapidly increase their inventory to meet unexpectedly high demand.

This is consistent with demand drivers moving away from the highly supportive levels seen last year. The Purchasing Managers Index (PMI) for manufacturing and export orders fell in April 2018 to its lowest level since 2016.

A softening of global trade is also evident with containerized freight demand slowing in tandem with air freight demand. Seasonally-adjusted freight volumes continue to track sideways.

IATA’s Director General and CEO, Alexandre de Juniac said, “April saw a strengthening from the abrupt slowdown in growth experienced in March. This is good news.

“We remain cautiously optimistic that demand will grow in the region of 4% this year. But the forecast appears to have increasing downside potential.

“Oil prices continue to rise as does protectionist rhetoric. Borders open to people and to trade drive economic growth and social prosperity. We are all disadvantaged when they are closed,” he said



0

Comments

comments

About Author

Latest News

Portraz Reviews 2018 Telecoms Service Tariffs

By Beaven Dhliwayo. Harare – The Postal ..

Closer Look At Bomb Blast At White City Stadium Bulawayo

The government must deploy more security ..

England And Kane Set World Cup Record

By Islam Sabulino. (News of The South) – ..

England 6 Panama 1 – Stones, Linguard Sparkle As Kane Hits Treble

Milton Mashasha Sports Reporter. (News of ..

Like Us On Facebook

SUBSCRIBE: YouTube Channel

Whizz Kid 11 Year Old Joshua Ngoka Builds Computer

London, United Kingdom. – AN 11-YEAR-OLD ..

Forget Motivational Stories: Write Your Own

By Pearson Mbendera I have read a lot of ..

Winky D Shines At First Ever Zim Dancehall Awards

By Daniel Muzana Zimbabwe`s Winky was the ..

Vast Outcry For The Prodigal Son

Milton Mashasha Sports Reporter in Byo,Zim ..

A Story Of Love As Kenya Mourns The Westgate Mall Massacre

By Anoziva Marindire   The Nairobi Westgate ..

Inconsistency Costs The Chevrons Against Afghanistan

By Perkins-Tino Bare. Harare, Zimbabwe. (News ..

Portraz Reviews 2018 Telecoms Service Tariffs

By Beaven Dhliwayo. Harare – The Postal ..

Closer Look At Bomb Blast At White City Stadium Bulawayo

The government must deploy more security ..

England And Kane Set World Cup Record

By Islam Sabulino. (News of The South) – ..

England 6 Panama 1 – Stones, Linguard Sparkle As Kane Hits Treble

Milton Mashasha Sports Reporter. (News of ..

White City Stadium Now Deserted After Bomb Blast

Bulawayo.- (News of The South)- White City ..

Bomb Blast At White City Stadium During President Mnangagwa’s Address

From Mabasa Sasa in Bulawayo. Zimbabwe. – ..

Murderer Kombian Returns To The Docks

Ghana`s notorious robber, Johnson Kombian, ..

Leaked Alangizi Video: Defending Alangizi, My Testimony

By Musamba Mumba Too much crap has been said ..

Eritrea Human Rights Abuses Highlighted At UN Review

Geneva – Eritrea was on Monday accused ..

Zimbabwe Communist Party Blasts Opposition Parties

By Munesu Chigada Harare, Zimbabwe (News ..

Mandatory Circumcision of Inmates In Prisons

By By Mutinta Moono Hanyama (Zambian Eye) ..

Industry Lacking Policy Synchronisation

By Wisdom Mumera (News Of The South) – ..