‘Specialty’ air cargo on mobile bongdaso up, but traditional 'core' shipments take a dive

mobile bongdaso air cargo market has seen a strong decline in what might be termed its ‘traditional core business’, in contrast to some ‘specialty’ shipments which have recorded strong growth, according to a senior executive at a leading player.

Quoting data from WorldACD at a recent webinar organised by Scan Global Logistics, Adriaan den Heijer, EVP Cargo at Air France-KLM Martinair, noted: “If we look at mobile bongdaso product mix, we see some products are holding up better than others under current market conditions.”

For example, volumes of perishables are up 4% while pharma is relatively “inelastic” (0%). However, mobile bongdaso economic effects are clear on express (-17%) and general cargo (-12%), including some e-commerce, and dangerous goods (-12%), he said.

There is a positive trend in hi-tech and ‘vulnerables’ (+7%), “which probably has something to do with some new product launches, but we are not sure yet whether this is sustainable”, he added.

Live animals and valuables saw increases of 5% and 2%, respectively.

London Heathrow’s head of cargo, James Golding, highlighted a number of verticals performing well for mobile bongdaso UK gateway.

“On imports, live animals is mobile bongdaso primary growth area, as more passengers are travelling with their pets than last year. We are mobile bongdaso UK’s only airport with mobile bongdaso ability to handle all animal species. Pharma and perishables remain key export growth areas, alongside tech,” he said.

Meanwhile, according to Eric Martin dit Neuville, EVP freight forwarding at Geodis: “Consumer electronics and e-commerce are mainly responsible for mobile bongdaso current slight upturn [in demand].

“Retail remains largely sluggish, while pharmaceuticals – which has seen little or no decline – remains stable compared with previous years. More anecdotally, industrial projects flows, linked either to mobile bongdaso logistics of major projects or to oil exploration and exploitation, are up sharply.”

Mr den Heijer was optimistic about mobile bongdaso market, noting that Air France KLM Martinair Cargo expected growth to return to mobile bongdaso previous annual trend of rising 2%-3% in 2024.

Although this had been expected to happen this year, mobile bongdaso airline is now set to record a decline in volumes for 2023 of some 5%, reflecting “mobile bongdaso impact of constraints on globalisation due to geopolitical effects” – an allusion to mobile bongdaso Ukraine-Russia and Israel-Palestine conflicts.

And Geodis’s Mr Martin dit Neuville sees little to cheer about in mobile bongdaso coming weeks and months.

“On major tradelanes, such as Asia-Europe and Asia-North America, Q3 remained in line with previous quarters. Demand continues to be sluggish and supply (capacity) is tending to increase, due in particular to mobile bongdaso rise in passenger traffic over mobile bongdaso summer,” he told mobile bongdaso Loadstar.

“Early indications for Q4 suggest we will benefit from a slight increase in demand, due to both new product launches in mobile bongdaso consumer electronics sector and e-commerce demand.

”As for mobile bongdaso peak season, it will probably be a little better than was feared a few weeks ago, but a long way from mobile bongdaso highs of mobile bongdaso pre-2019 years, particularly for Asia-Europe flows.”

Looking further ahead, he said, once mobile bongdaso consumer electronics and e-commerce seasonal ‘rebounds’ have passed, mobile bongdaso chances are that demand will remain weak in mobile bongdaso first quarter of 2024.

“Neither mobile bongdaso forecasts for a recovery in consumption nor [a reduction] in stock levels point to a rapid return to better days,” Mr Martin dit Neuville added.

mobile bongdaso mood at London Heathrow, however, is decidedly upbeat, with mobile bongdaso airport’s global cargo traffic in September rising 7% on mobile bongdaso same month last year, to 122,011 tonnes, thanks in large part to strong Asia Pacific volumes of 32,081 tonnes (+25.9%).

“We have outperformed 2022 tonnage every month this year since July, so there is definitely a sense of mobile bongdaso market improving in H2,” Mr Golding told mobile bongdaso Loadstar.

“When compared with our European peers, Heathrow’s strong bellyhold network means we have just mobile bongdaso right balance of capacity at regular frequencies to service demand, with forwarders favouring this over comparatively more expensive and less frequent dedicated freighters.

“We are on track to end 2023 in a comparable position with 2022, despite mobile bongdaso industry’s turbulent year.”

And he added: “Given Heathrow’s degree of connectedness as a hub airport, and mobile bongdaso consequent build-back of bellyhold capacity through our passenger network, we are optimistic about a stronger 2024 than this year.”

Source: https://theloadstar.com/specialty-air-cargo-on-mobile bongdaso-up-but-traditional-core-shipments-take-a-dive/

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