IAG Cargo benefits from sea freight constraints on Europe-APAC routes
Mar 23, 2017: IAG Cargo has seen a boom in demand on key routes from Europe into Asia Pacific (APAC) over the first two months of the year. Cargo volumes from Europe to APAC over this period have increased by 23 percent when compared to the same timeframe in 2016, with fashion, spare parts, fresh fish and leather goods performing particularly well.
The first two months of the year also saw a 4 percent growth in the tonnage of goods moving from Europe to the rest of world compared to the same period last year and a 6 percent growth in goods exiting Asia Pacific.
David Shepherd, Commercial Director at IAG Cargo, commented, “This spike in demand comes at a time when constraints on sea freight capacity across Asia Pacific routes have been widely reported. While this boost is likely to deliver a short term positive impact, we believe our network makes us well placed to demonstrate the long term value air cargo can offer to forwarders.”