April 2015 sees strong performance by Asian cargo carriers - CILT(UK)
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April 2015 sees strong performance by Asian cargo carriers

22 May 2015/Categories: CILT, Industry News, Aviation, Freight Forwarding, Logistics & Supply Chain, Ports, Maritime & Waterways, Rail


Cargo carriers in Asia were able to outperform the market as a whole during April 2015, according to a new report.

Industry figures highlighted by Cargo Facts indicated that Asian firms such as Cathay Pacific, Singapore Airlines, Air China and China Airlines all delivered strong results last month, at a time when the global market demonstrated an inconsistent performance.

Air China was the biggest grower, with cargo traffic up by 18.7 per cent year on year - its ninth consecutive month of double-digit growth. Asian handler Pactl was also one of the standouts, alongside China Southern Airlines.

Beyond Asia, signs of a coherent underlying growth trend were unclear as the market continues to stabilise following the impact of the US West Coast port labour dispute earlier this year, as well as a significant automobile recall in the US.

Furthermore, Cathay Pacific's general manager for cargo sales and marketing Mark Sutch attributed some of his company's growth to a continued boost from the "logjam of freight in seaports on the West Coast", suggesting the recent success of the Asian market may also be artificially influenced by recent extraordinary events.

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