With the exception of Africa, all the other world regions experienced air freight growth in October 2013 when compared to the previous year.
The International Air Transport Association (IATA) found that the amount of cargo measured in freight tonne kilometers rose by 4 percent around the globe. According to a recent article on Air Cargo World, this marks the continuation of a trend that has existed for several months, as the global economy and consumer confidence receives a boost.
"Since mid-year, we have seen modest but sustained growth in cargo fed by stronger business confidence and improving trade flows," Tony Tyler, IATA's director general and CEO told the news source. "Air cargo is still a very tough business. Matching capacity to demand has been difficult in an environment where passenger traffic is growing more robustly. There is some evidence that the fall in load factors has stabilized, but yields remain under pressure."
The IATA found the strongest growth once again occurred in the Middle East, where freight volumes rose by more than 12 percent. The region was followed by Europe, which experienced 4.4 percent growth. Although the continent is still contending with the after effects of the global recession, its airlines have seen steady improvement.
It is important to note that average load factors are still below their 50 percent peak reached in 2010. In October, the average was 46.4 percent.
Airlines will need to maintain their efficiency standards to continue to experience growth. That's why they should adopt proof of condition services like CargoSnapshot in order to track freight more closely.