July airfreight volumes up five percent due to front loading and modal shift

With our strong presence in the expedited international airfreight business, the U-Freight Group notes that Xeneta’s latest market analysis for July showed global air cargo volumes climbed 5 percent year on year as front loading continued and more shippers opted to send their goods by air to avoid the impact of tariffs.

Xeneta’s analysis for July was a surprise turnaround from IATA’s report of weakened trade due to tariffs in June, which saw just 0.8 percent year on year growth. However, Xeneta stressed the growth is certainly to do with the efforts of companies to avoid additional tariff-related costs rather than a recovery in trade.

“This unexpected boost, bucking seasonal patterns, appears driven in part by tariff-related front loading, mode shift, and persistent uncertainty, prompting businesses to expedite shipments,” said Xeneta.

Chief airfreight officer, Niall van de Wouw said: “As we said earlier in the year, air cargo is piggybacking on the chaos being caused by tariffs. While the growth in July will come as a pleasant surprise to many, this growth is not a consequence of increased trade. It is a sign of the creative ways companies are trying to circumvent the higher costs of tariffs.”

To read more about what Xeneta has reported, please check out the excellent article on the Air Cargo News website, written by Rebecca Jeffrey, which can be found in the following link:

https://www.aircargonews.net/data-news/july-airfreight-volumes-up-5-due-to-frontloading-and-modal-shift/1080488.article

For more information about the U-Freight Group’s global air freight forwarding and logistics services, or our e-commerce logistics operations, please visit the relevant pages of this website or contact your local office, details of which can be seen here: https://ufreight.com/locations