customs brokerage, freight forwarding and truck transportation

Air Market Strong Despite China Slowdown

: Transport

Slowing Air Freight Exports from China Fail to Dampen Market 2017-09-11

China pulled back from its position as the "world's air cargo engine" in July, according to the latest data from WorldACD.

While the country has seen air freight exports grow in double-digit figures every month this year, in July growth shrank from the H1 average of 19% to just 8%. Import growth, however, remained high, at 21% year on year.

The slowdown has not affected the air cargo market overall, which continues to be buoyant in comparison with recent years. High growth from Hong Kong, India, the UK, Singapore and the Netherlands kept the industry healthy. And with several product launches, including a new iPhone expected in coming weeks, it is likely that China could bounce back.

Read more in an article from The Loadstar.

Source: CIFFA


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