Airport cargo volumes see sluggish growth in October

Airport cargo volumes increased 0.3 percent year-over-year in October, as major freight hubs posted mixed results.    Cargo volumes at airports around the world inched up 0.3 percent year-over-year in October, according to Airports Council International (ACI).
   International volumes increased 0.3 percent, while domestic volumes rose 0.2 percent compared to last October.
   Major freight hubs posted mixed results during the month, ACI said. Although Dubai (DXB) reported a 10 percent increase in freight volumes from October 2014, Frankfurt (FRA), Tokyo-Narita (NRT) and Taipei (TPE) experienced year-over-year declines of 2.0 percent, 3.4 percent and 7.7 percent, respectively.
   Asia’s largest airfreight hubs, Hong Kong (HKG), Shanghai (PVG) and Incheon (ICN), posted modest growth rates from last October of 2.0 percent, 2.2 percent and 1.3 percent, respectively.
   North America’s busiest cargo hubs include Memphis (MEM), which posted flat results, and Louisville (SDF), which posted a decline of 1.1 percent from October 2014.
   The Latin America-Caribbean region experienced a 5.6 percent year-over-year decline in cargo volumes in October, which is more than any other region.
   “Strong freight growth in Mexico (10.7 percent) was not sufficient to offset the freight declines in Brazil, Argentina and Peru,” said ACI.
   Overall, cargo volumes around the world year-to-date and on a rolling 12-month basis are up 2.0 percent and 2.5 percent year-over-year, respectively.