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February 09, 2018

Airports association says fast growth in air freight volumes continued in November

Airports Council International (ACI), the trade association of the world's airports, reports that November's freight volumes rose substantially, reaching 7.8% on a year-over-year basis. Standing at 8.2% on a year- to-date basis and with only one month left in 2017, global freight figures are bound to reach record growth this year.

ACI says the cargo business continued to benefit from a strong growth in volumes thanks to global trade. This was reflected in gains in export orders.

Africa, North America and Europe once again topped growth figures for total freight, reaching 14.7%, 8.9% and 8.7% respectively. Asia-Pacific (7.2%), Latin America-Caribbean (6.9%) and the Middle East (2.9%) followed, the latter starting to regain speed after slowing down to 1.3% in October. On a year-to-date basis, all regions were posting high growth, at more than 5%.

International freight was the main driver for most of the increases, reaching 7.8% after slowing down to 4.4% over the three months prior to November. Airports in the Asia-Pacific region lead in volumes handled for export and overall growth.

Source: ACI