Tradelines News

Get the latest news and updates on cross-border customs and international trade.

World Cargo Demand Slows Down

(Air Cargo World)

Cargo demand in June slowed down compared to May, according to data from the International Air Transport Association (IATA).

Global airfreight markets showed 2.3 percent growth in demand (measured in freight tonne kilometers) over June, compared to 4.9 percent growth in May.

“At the half-way point of the year, it is clear that overall cargo demand is much stronger than in 2013. Carriers in Asia-Pacific and the Middle East have been the biggest beneficiaries of the improved market conditions. Europe is doing reasonably well, albeit still in recovery mode. The weak spot is the Americas,” Tony Tyler, IATA’s director general and CEO, said. Read more here.