Xeneta: Talk of trade war impact on air cargo premature
There was lower-than-expected growth in global air cargo demand in January of just 2% year on year, but fears of a trade war over tariffs impacting volumes and growth forecasts for the year are premature, according to industry analyst Xeneta.
With our strong presence in the expedited international airfreight business, through our subsidiary Davies Turner Air Cargo, we note that Xeneta’s chief airfreight officer Niall van de Wouw says this drop in demand was a surprise following the double-digit monthly increases throughout last year. However, he says that January’s data was impacted by the earlier Lunar New Year reducing volumes out of China.
In fact, van de Wouw sees no immediate reason to change Xeneta’s 4-6% growth forecast for global air cargo in 2025 despite the market’s nervousness over new tariffs introduced by the US – particularly on China - and its subsequent retaliation.
An excellent article on this can be read on the Air Cargo News website here: https://www.aircargonews.net/data-news/xeneta-talk-of-trade-war-impact-on-air-cargo-premature/1079641.article?CMID=E6284E387-CMP77CON77-RCP2I1184O31&utm_campaign=ACN-THURSDAY-060225-JM&utm_medium=email&utm_source=Email&utm_content=Newsletter
For more information about our global air freight forwarding and logistics services, please contact aircargo@daviesturner.co.uk or visit https://www.daviesturner.com/air-freight
Xeneta: Talk of trade war impact on air cargo premature
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