Last Wednesday, the international trade association IATA presented the new figures on airfreight traffic. And guess what? Airfreight has increased again by 2.1 percent in July compared to the same month a year earlier.
Despite the increase, the growth is far below the average growth of 5.1 percent as we saw in the past five years.
Despite the disappointing growth in July, CEO Alexandre de Juniac of IATA is still aiming for a four percent growth this year.
The CEO recognizes that the downward risks have increased. ‘The trade war and the accompanying negotiations between China and the US put pressure on the monastic economy. In trade wars there are only losers.’ According to Alexandre de Juniac.
Freight traffic also increased on all continents, with exception of Africa (-8.3 percent). In Europe it was an increase of 2.6 percent.
Photo: By Nils Nedel via Unsplash