China’s air freight market may not see much of a peak in volumes this year, because it has been at peak levels all year and there is little available capacity for more freight.
There were concerns in July that the Chinese market was slowing, but Pudong International Airport Cargo Terminal (PACTL) continued a record-breaking year in August, reporting 13.9% year-on-year growth in freight tonnage.
PACTL vice-president Christian Haug said 2017 was shaping up to be a particularly strong year: “Normally Europe is strong, or the US, or India, but I think this year there are no weak tradelanes in either direction.” he said.