Hong kong airport sees resurge in cargo vol for August

After dip in cargo traffic in July, Hong kong airport sees cargo traffic growth in August . As per Hong kong International Airport (HKIA) the airport saw 2.4% growth YOY in August to 431000 tonnes. HKIA said: “The airport saw strong 9% year-on-year growth in transhipments, which contributed the most to the increase in cargo throughput. “Amongst key trading regions,...

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Increase in air freight rate in July despite market slowdown

Air freight rates are increasing since July this year irrespective of market slowdown. Generally with market slowdown the air freight rates also show decline but not this year as it seems that major cargo hubs are under pressure based on available cargo handling. As per below TAC index the prices on Hong Kong to North America increased by 16% in July. Similarly for...

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Freight upswing for Hong Kong Airport

Hong Kong International Airport (HKIA) continued to see upswings in freight in August. Cargo throughput grew by 8.8 percent to 366,000 tonnes. Flight movements had a 4 percent increase to 33,700, achieving a new monthly high for the second month in a row.  The growth in cargo throughput was driven mainly by transshipments, which were up 22 percent from a year ago. During...

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