News
The Airports Council International (ACI) World has reported global freight volumes rose by 5% on a year over year basis in December. Global freight figures achieved record growth this year standing at 7.9% for 2017, representing the highest growth rate since 2010, the recovery year following the deepest downturn of 2009 during the Great Recession.
Air freight markets experienced a strong revival after gaining momentum in the latter half of 2016. Airports handled almost 120 million metric tons of volumes in 2017 as a result of a record-breaking jump of 7.9% from 2016. All regions posted robust growth in volumes. Spurred by strong gains in cross-border trade, the largest markets of Europe, Asia-Pacific and North America experienced overall increases in total freight volumes of 8.7%, 8.5% and 7.3% respectively.
Global trade and industrial production continued to make gains on the cyclical recovery in the global economy in 2017, which translated into growth in air freight volumes.
Express parcel deliveries that are generated from online purchases are also an important driver in the upward surge in volumes shipped by air.
