The faltering Chinese economy has impacted the usual mid-year upswing in the world airfreight market said market data specialist WorldACD in its latest report for July 2015.
July was flat with only 0.7% volume growth – the lowest of any month this year. The Netherlands-based analyst commented that in previous years, July volumes had been significantly better than June, but not this year.
Africa was the fastest growing region – up 6.2% in volume thanks to increased business to the Middle East and South Asia (Mesa) region.
Europe saw the second highest volume increase (2.7%), mainly fuelled by growth to destinations in Asia Pacific other than China.
Chinese economic slump hits airfreight volumes
Comments | 0
© Now Media. This content is protected by copyright and may not be adapted or republished. If you would like to discuss cooperation opportunities, please contact: editor@freightnews.co.za.
