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September & 1st half October: as second wave rolls, air cargo continues its rollercoaster ride

Airlines grouped by origin, suffered in equal measure when it comes to volume lost, but in very different ways when looking at their revenues: airlines from the Americas added 24% to their revenues, but those from MESA and Asia Pacific 60% resp. 52%.

It has been stated recently that smaller forwarders did better than larger ones. That appears to be partly true…. The forwarders outside the world’s Top-30 indeed increased their worldwide share, from 54% to 55%, but they ‘bought’ that increase by accepting charges that were 85% higher YoY, whilst the Top-30 saw their charges increase by 76%.
In the largest market (i.e. ex-Asia Pacific) the Top-30 paid average charges that were 6% lower than those paid by the smaller forwarders (last year they were 12% higher). This is the more telling when taking into account that the Top-30 do much more in the markets to North America, where charges are highest.
Among the Top-30, the forwarders with headquarters in Asia Pacific and North America improved their volume share. Remarkably, the Asia Pacific forwarders managed to do so in spite of paying average charges 8% below the average for the total elite group. The chart below shows the correlation between volume growth and increased charges for the world’s Top-30 forwarders.

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