PRESS ROOM

IATA's latest data shows that global air cargo markets continued to soar in July with the latest IATA statistics showing a year-on-year increase of 13.6% on the back of issues on the ocean and the continued e-commerce boom.

That makes interesting reading for the U-Freight Group, with our strong presence in the expedited international airfreight business.

The airline association said that cargo tonne kms had now registered a double-digit percentage increase for eight months in a row, with overall levels reaching heights not see since the Covid-fuelled surge of 2021.

Meanwhile, capacity in July increased at the lower level of 8.3% on last year helping to push load factors up by 2.1 percentage points to 44.4%.

IATA said the capacity increase was led by a 12.8% improvement in international bellyhold capacity and a 6.9% growth in international freighter capacity.

The association’s director general Willie Walsh said: “Air cargo demand hit record highs year-to-date in July with strong growth across all regions. The air cargo business continues to benefit from growth in global trade, booming e-commerce and capacity constraints on maritime shipping.

“With the peak season still to come, it is shaping to be a very strong year for air cargo. And airlines have proven adept at navigating political and economic uncertainties to flexibly meet emerging demand trends.”

Looking at market indicators, IATA said the Purchasing Managers Index (PMIs) for global manufacturing output indicated expansion at 50.2, but the export orders index stood at 49.4.

“Inflation remained relatively stable in July in the US, Japan, and the EU, with inflation rates of 2.9%, 2.8%, and 2.8%, respectively,” IATA said. “Meanwhile, China’s inflation rate increased 0.3 percentage points to 0.6%, the highest level in five months.”

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://www.ufreight.com/en/location