Airfreight volumes were up marginally by 0.3 per cent in October, but varied considerably by region, according to the Airports Council International (ACI).
ACI explains that cargo markets were “significantly weaker as compared to passenger markets” and international freight grew at 0.3 per cent and domestic freight at 0.2 per cent.
The results for major freight hubs were mixed with Dubai International Airport seeing a significant 10 per cent increase in freight volumes, while Frankfurt Airport, Tokyo’s Narita International Airport and Taipei International Airport experiencing declines of two per cent, 3.4 per cent and 7.7 per cent respectively.
The largest airfreight hubs in Asia—Hong Kong International Airport, Shanghai Pudong International Airport and Incheon International Airport—posted modest growth rates of two per cent, 2.2 per cent and 1.3 per cent, respectively.
Latin America continues to see big falls and in Brazil, ACI says airfreight went down by a substantial 15 per cent, followed by Argentina and Peru with airfreight declines of 7.9 per cent and 6.7 per cent respectively.
In Central America, Mexico is seeing strong freight growth and ACI says it saw an uplift of 10.7 per cent, but this was not sufficient to offset the freight declines in Brazil, Argentina and Peru, resulting in a 5.6 per cent decline for the region as a whole.
At Memphis International Airport and Louisville Airport, the North America region’s busiest cargo hubs, freight was flat at 0.6 per cent and declined by 1.1 per cent respectively.
Miami International Airport and Los Angeles International Airport grew by 0.6 per cent and 0.8 per cent respectively, while New York’s JFK International Airport saw volumes fall by seven per cent. At the domestic level, freight declined by 0.2 per cent.