The evolution of air cargo and global trade
As a result of the COVID-19 pandemic, the world stopped traveling. Closed borders and strict travel requirements meant that actual flight movements were severely impacted, which caused a knock-on effect on air cargo logistics and global trade. But whilst the world returns to the skies once again, air cargo industry players are adapting to a very different landscape.
With our comprehensive, reliable and up-to-date demand and supply databases, our travel industry practice is able to provide insights and data on global air cargo capacity, express and ocean freight demand and capacity on a regular basis.
Transatlantic trade lane balance has returned to pre-COVID levels
Slower air trade growth suggests lower load factors on the Transatlantic trade lane
Note: Direct international capacity only; All freighters and widebody passenger aircraft only;
Source: Seabury Cargo Global Air Trade and Capacity Tracking databases, Seabury Cargo, Accenture analysis (August 2022)
Significant cherry decline (-73%) from the US to Northeast Asia
In line with decreasing demand, 2022 saw a lower number of dedicated cherry freighters out of Seattle
Note: 1) Includes direct Seattle (SEA) to Northeast Asia freighter capacity and indirect Seattle to Anchorage capacity destined for North East Asia
Source: The Loadstar, July 2022; Seabury Cargo Global Air Trade and Capacity Tracking databases, Seabury Cargo, Accenture analysis (August 2022)