In a Q&A with The STAT Trade Times, Peter Penseel, Chief Operating Officer Airfreight at CEVA Logistics sheds light on airfreight volumes, post-pandemic recovery of the industry, transportation of dangerous goods, use of alternative fuel in air freight logistics, and the company’s plans to tap the burgeoning e-commerce business
Are cargo volumes at CEVA Logistics back to pre-pandemic levels? How is 2022 looking when it comes to volumes handled and going forward?
The first quarter IATA industry data showed that the global market was down slightly when comparing year-over-year volumes. March 2022 was down by 5.2% YoY, but January and February were collectively up by 2.7% compared to 2021.
The seasonally adjusted volumes for March, however, were the lowest in 16 months. There certainly are routes and regions that have changed more significantly in recent days, notably LATAM, which recorded much higher volumes — up more than 20% in February and March — compared to 2021. Challenges still remain related to Covid-19 restrictions, which can affect volumes and rates at any point, anywhere around the world.
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