Air Cargo Demand Stays Strong, but Growth Rates Taper Off [Yahoo! Finance]
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Source: Yahoo! Finance
According to the International Air Transport Association (IATA), total demand, measured in cargo tonne-kilometers (CTKs), rose by 9.4 percent compared to September 2023 levels. On a seasonally adjusted basis, industry CTKs fell for the second consecutive month by 0.4 percent. More from Sourcing Journal Air Cargo's Double-Digit Demand Growth Streak Hits 9 Months UPS and FedEx 'Obvious Beneficiaries' of East Coast Port Strike Shein and Temu 'Will Not Be a Significant Growth Driver for Us,' FedEx Says The month broke a streak of nine straight months of double-digit annual demand growth that started in December 2023. International routes keep pushing up global cargo demand, with a 10.5 percent year-over-year increase in CTKs in September. Airlines are benefiting from rising e-commerce demand in the U.S. and Europe amid ongoing capacity limits in ocean shipping, the association said. For the sixth consecutive month, the largest contributors to the annual demand surge were ca
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