British International Freight Association expects a record cargo growth of 4.5 % next year globally

Posted by Daily Shipping Times on 13-12-2017        Tweet

LONDON: Cargo volumes are expected to grow by 4.5% in 2018. The boost to cargo volumes in 2017 (+9.3%) was a result of companies needing to restock inventories quickly to meet unexpectedly strong demand.

This led cargo volumes to grow at twice the pace of the expansion in world trade (4.3%).

Cargo yields are expected to improve by 4% in 2018 (2017: +5%). While restocking cycles are usually short-lived, the growth of e-commerce is expected to support continued momentum in the cargo business beyond the rate of expansion of world trade in 2018. Cargo revenues will continue to do well in 2018, reaching USD 59.2 billion (up by 8.6% from 2017 revenues of USD 54.5 billion).