Inbound US west coast container port congestion provided a November
boost for transpacific air cargo revenues out of Asia to North America,
although ex-US revenues fell.
WorldACD’s latest monthly market data found that the transpacific was the best of the large markets in November.
The Netherlands-based research house posed the question: “Did the
problems in the western US ports play a role? Judge for yourselves: Air
cargo revenues ex-US dropped by nine per cent month-over-month (MoM)
across the Pacific.
“From Asia Pacific to North America, however, we recorded an
impressive 17 per cent growth in revenues MoM, thanks also to a nine per
cent yield increase.”
WorldACD, using primary data supplied from airlines, said that
November did not disappoint for global air cargo, although
year-over-year (YoY) growth slowed compared to earlier months.
“The lower figure of 4.3 per cent volume growth was influenced by the
fact that, in 2013, November had shown a large jump over October.
Worldwide November-yields again topped those for October, this time by
growing 1.7 per cent (in US$).
“Yet, people predicting declining yields were also right: worldwide
yield went down by four per cent YoY. Interestingly, yield excluding
surcharges dropped less, a sign that changing fuel surcharges may begin
to have an influence.”
After Asia Pacific, the African and Latin American markets were the
next best performers, with YoY volume growth of over seven per cent.
Latin America “crowned its achievement” by keeping yields almost
level. Europe suffered with revenues declining by more than five per
cent, both MoM and YoY, though YoY revenue and yield increased
when measured in Euros.
Middle East & South Asia (MESA) further consolidated its second
position in pharmaceuticals (after Europe), by showing a YoY revenue
growth in this category of 17 per cent, with slightly climbing yields.
In the perishables markets, Africa “easily outperformed” the other
origin regions, registering a 15 per cent revenue growth, versus
a combined growth for the other regions of around five per cent, said
WorldACD.
According to the research house, smaller forwarders performed “a bit
better” YoY than the world’s largest. The top-five forwarders: DHL
Global Forwarding, Kuehne + Nagel, DB Schenker, Expeditors and
Panalpina, “did not fare too well”.
At the other end of the range, Hellmann and Fashion Logistics did
particularly well, whilst large Asian forwarders, especially Yusen,
Sinotrans, Beijing Global Sky Horse and CTS Intl “had a ball” thanks to
the strong growth ex-Asia Pacific.
Source : http://www.aircargonews.net/news/single-view/news/us-port-chaos-boosts-ex-asia-pacific-air-cargo-revenues.html
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