Following three sluggish years in freight traffic growth, global airfreight markets resurged in the last quarter of 2013 andinto 2014. The airfreight industry has seen an overall growth of 2.6 per cent in volumes for the month of February. ACI world's economics director, Rafael Echevarne says: "While there is some optimism in the air regarding the positive growth inthe airfreight market, there are two forces at play which are pushing the pendulum in opposite directions. As North America and Europe get back on course, a cyclical slowdown in emerging markets such as China will likely translate into subdued growth in the global freight market." The Asia Pacific region grew only modestly with respect to international freight at 1.4 per cent year-on-year. ACI says, this is consistent with the overall slowdown in the Chinese economy. The European airfreight markets posted an overall gain of 3.9 per cent. Amsterdam Airport Schiphol, Paris Charles de Gaulle and Frankfurt Airport each posted gains of 8.7 per cent, 4.9 per cent and 3.4 per cent, respectively. According to ACI, Hong Kong International Airport (see picture) contracted by one per cent ininternational freight volumes in February, however, the airport has seen international volumes rise by 2.2 per cent over a 12-monthperiod. Shanghai Pudong International Airport has also experienced modest growth at 1.4 per cent over the same period.
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