Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Air Freight
Imports and Exports
Logistics

Air cargo sector continues to soar

02 May 2024 - by Staff reporter
 Source: Adobe Stock
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Global air cargo markets are showing strong annual growth in demand, as shown by the latest data released by Iata.

Iata’s latest report on air cargo growth for March 2024 showed that total global demand, measured in cargo tonne-kilometres (CTKs), rose by 10.3% compared with March 2023 levels, while growth in international operations rose 11.4%. This represents the fourth consecutive month of double-digit year-on-year growth.

"Air cargo demand grew by 10.3% over the previous March. This contributed to a strong first-quarter performance which slightly exceeded even the exceptionally strong 2021 first quarter performance during the Covid crisis. With global cross-border trade and industrial production continuing to show a moderate upward trend, 2024 is shaping up to be a solid year for air cargo," said Willie Walsh, Iata Director General.

Capacity, measured in available cargo tonne-kilometres (ACTKs), increased by 7.3% compared with March 2023, with a 10.5% increase in international operations.

Asia-Pacific airlines saw air cargo demand growth of 14.3% year-on-year in March, North American carriers experienced 0.9% growth for the period, European carriers recorded 10.0% growth, while demand grew 19,9% for Middle Eastern carriers. Latin American airlines reported demand growth of 9,2% and African airlines’ cargo demand rose 14.2% for the period.

According to the report, global cross-border trade and industrial production increased by 1.2% and 1.6% respectively in February.

In March, the manufacturing output Purchasing Managers’ Index (PMI) climbed to 51.9, indicating expansion. The new export orders PMI also rose to 49.5, remaining slightly below the 50 threshold that would indicate growth expectations.

Globally, inflation recorded a mixed picture in March. In the EU and Japan, inflation rates fell to 2.6% and 2.7% respectively, while rising in the US to 3.5%. In contrast, China experienced a slight deflation of 0.01%. This latest figure marks a return to deflation after February's brief period of inflation.

Iata represents some 320 airlines comprising 83% of global air traffic. Total cargo traffic market share by region of carriers in terms of CTKs is broken down as follows: Asia-Pacific 33.3%, Europe 21.4%, North America 26.9%, Middle East 13.5%, Latin America 2.8%, and Africa 2.0%.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Food rescue and hunger relief outfit expands fleet

Logistics

Logistics firms have been urged to turn empty return legs into lifelines for the hungry.

20 May 2025
0 Comments

Uncertainty hangs over Nissan’s Rosslyn plant

Imports and Exports
Logistics

It includes reducing the number of global plants from 17 to 10 as part of a recovery plan.

20 May 2025
0 Comments

South African seedless citrus strengthens foothold in India

Imports and Exports

Citrus shipments to India have grown markedly, with exports nearly tripling over the past five years.

20 May 2025
0 Comments

Ramaphosa’s Trump meeting a crucial moment for SA-US relations

Economy

The meeting is widely regarded as a pivotal moment in the relationship between the two nations.

19 May 2025
0 Comments

Freight forwarders in the dark about Amex service

Imports and Exports
Logistics
19 May 2025
0 Comments

South Africa exports one million cartons of homegrown cultivar

Imports and Exports

Flash Gala apples make breakthrough entry into Chinese market.

19 May 2025
0 Comments

Transnet union to issue 48-hour strike notice if deadlock remains

Logistics

Untu says a revised wage offer is expected on Monday, failing which workers will down tools.

19 May 2025
0 Comments

Shipwreckers returns for first 2025 event

Logistics

The event has previously raised over R100 000 for charity.

19 May 2025
0 Comments

SaferStops Association calls for commitment to truck driver wellness

Road/Rail Freight

Hundreds of drivers, fleet operators and industry experts gathered for the 2025 Truck Driver Safety and Wellness Symposium.

19 May 2025
0 Comments

Non-mineral economy gaining traction in Namibia

Logistics

Collaboration has been a key driver of the country’s recent progress, said Mbahupu Hippy Tjivikua, chief executive of the Walvis Bay Corridor Group.

19 May 2025
0 Comments

Shippers warned to monitor cargo closely during Untu strike

Logistics

Logistics company advises shippers to communicate concerns about urgent or time-sensitive cargo.

16 May 2025
0 Comments

GNU targets livestock auctions after China bans SA beef

Imports and Exports
16 May 2025
0 Comments
  • More

FeatureClick to view

Namibia 23 May 2025

Border Beat

BMA steps in to help DG and FMCG cargo at Groblersbrug
21 May 2025
The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
More

Featured Jobs

New

JNR Seafreight Export Controller

Tiger Recruitment
Johannesburg (Linbro Park)
28 May
New

Supply Chain Specialist

Lee Botti & Associates
Cape Town
28 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us