Air freight rates may have dipped slightly in December, but as expected, 2017 was a strong year for airlines. And 2018 looks set to be a year marked by air capacity shortages, with forwarders already concerned about booking sufficient space through the year.
Routes ex-Asia, which sported the highest rates during the peak, with transpacific westbound in particular seeing some record rates, remained strong and Asian airports and carriers cited good results.
Singapore’s Changi Airport reported air freight volumes up 7.9%, year on year, reaching 2.13m tonnes for the year. Imports rose 8% while exports grew 14%, with its top five markets in China, Australia, Hong Kong, the US and India. December tonnage rose 6.4%. Changi pointed to its recent CEIV certification and launch of the [email protected] initiative as an effort to boost pharma traffic this year. Handler SATS also opened an e-commerce air hub in April.
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Source: The Loadstar, January 24, 2018
Author: Alex Lennane
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