Heathrow cargo soars in the wake of Brexit vote

In contrast to the negativity of the Avia Report which states that freight in the UK is stagnating comes this news report from Air Cargo Weekly.

“Heathrow Airport’s cargo volumes soared by just under six per cent in September on the back of growth to East Asia and Latin America.

The hub says freight traffic to was Brazil was up 18 per cent, to China by 13 per cent and to Mexico by seven per cent.

Heathrow handled 126,109 tonnes in September a 5.9 per cent rise on the same month last year.”

From the Avia Report –

6.2. Overall Cargo Market
“The air cargo market declined significantly after the global financial crisis of 2008. Although cargo volumes recovered to previous levels within two years following the crash in 2008, growth over the last five or six years has been modest.

A similar pattern has been observed in the UK. Indeed, total air freight handled at UK airports has been virtually constant at around 2.3 million tonnes per annum since 2000, with the exception of reductions immediately after the start of the recession in the early 2000s and the financial crisis in 2008. Prior to this period, demand for air freight had grown at CAGR of 8% since 1990.”

http://www.aircargoweek.com/heathrow-cargo-soars-wake-brexit-vote/

Main image: By Milad A380 (Own work) [CC BY 3.0], via Wikimedia Commons