Over the past week, individual states have issued emergency orders to restrict individual and commercial activity to stem the spread of the novel coronavirus (COVID-19).
Over the past week, individual states have issued emergency orders to restrict individual and commercial activity to stem the spread of the novel coronavirus (COVID-19).
Although the on-going trade dispute between the U.S. and China impacted the volume of airfreight delivered in 2019, the amount of goods shipped by air still exceeded $61 billion (U.S.). This is an astounding figure, considering that the first practical demonstration of air freight took place in November, 1910, and was 200 pounds of silk for the grand opening of a retail store.
After a mild slowdown in October, the global air freight industry saw promising signs in November, with an 8.8 percent increase in FTK demand compared to the previous year. 2017 had featured strong air freight statistics, but many experts feared that growth was coming to an end. November’s increase suggests that the industry will continue to expand into 2018.
Encouraging growth numbers are the highlight of the latest international air freight report from WorldACD. After some erratic results over the summer months, September instead showed a global volume improvement in excess of 5% year over year which will be welcome news throughout the industry.