{"id":5601,"date":"2023-08-30T14:49:22","date_gmt":"2023-08-30T14:49:22","guid":{"rendered":"http:\/\/siships.com\/blog\/?p=5601"},"modified":"2023-08-30T14:49:22","modified_gmt":"2023-08-30T14:49:22","slug":"air-cargo","status":"publish","type":"post","link":"https:\/\/siships.com\/blog\/air-cargo\/","title":{"rendered":"The Numbers Behind Air Cargo"},"content":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; el_class=&#8221;blog_first_row&#8221;][vc_column el_class=&#8221;How to Avoid Snags when Shipping Overseas&#8221;][vc_custom_heading text=&#8221;The Numbers Behind Air Cargo&#8221; font_container=&#8221;tag:h1|text_align:left&#8221; google_fonts=&#8221;font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;blog_detail_heading&#8221;][vc_single_image image=&#8221;5602&#8243; img_size=&#8221;3924&#215;2943&#8243; alignment=&#8221;center&#8221; el_class=&#8221;blog_detail_img&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Take to the Skies with these High Flying Statistics&#8221; google_fonts=&#8221;font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:500%20bold%20regular%3A500%3Anormal&#8221; el_class=&#8221;blog_detail_heading&#8221;][vc_wp_text]<span style=\"font-weight: 400;\">When it comes to freight forwarding, most people picture thousands of <a href=\"https:\/\/siships.com\/blog\/how-is-a-shipping-container-is-made\/\" target=\"_blank\" rel=\"noopener\">shipping containers<\/a><\/span><span style=\"font-weight: 400;\">\u00a0stacked on top of each other on massive cargo ships or parading past on a miles long train. However, less attention is paid to air cargo constantly criss-crossing the globe.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While out of sight may mean out of mind, approximately 35% of world trade travels through airports, or about $6 trillion dollars <a href=\"https:\/\/www.visualcapitalist.com\/visualized-which-airports-move-the-most-cargo\/\" target=\"_blank\" rel=\"noopener\">annually<\/a><\/span><span style=\"font-weight: 400;\">. From the busiest airport in the world\u2014Hong Kong, 28 years and counting\u2014all the way to FedEx processing 245,000 documents every hour in Memphis, the numbers are sky high. <\/span>[\/vc_wp_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243; el_class=&#8221;left_cont&#8221;][vc_custom_heading text=&#8221;How Much Cargo is Transported by Air?&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; google_fonts=&#8221;font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal&#8221;][vc_wp_text]<span style=\"font-weight: 400;\">The last four years have been a bumpy ride for air cargo. Following the onset of the Covid-19 pandemic, total revenue peaked at $204 billion in 2021. That was nearly twice the total tallied in 2019. Rising inflation has hampered the meteoric rise. The market contracted slightly by $13 billion, yet still hit the <a href=\"https:\/\/www.freightwaves.com\/news\/air-cargo-market-heads-toward-2nd-best-year-despite-softening\" target=\"_blank\" rel=\"noopener\">second best year<\/a> ever<\/span><span style=\"font-weight: 400;\">, in 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s worth noting that, despite the increase in revenues, volume is projected to end 2023 at 63.7 million cargo ton kilometers\u20145.5% below 2019 levels. Cargo ton kilometers, known as CTK, is an industry standard statistic found by multiplying the cargo\u2019s weight by total distance traveled.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what exactly is taking up all this volume?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Air cargo is split up into two categories: general cargo and special cargo.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">General cargo refers to most consumer goods, such as dry goods, hardware, and textiles. Electronics like mobile phones, tablets, and laptops are a notable exception to general cargo.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Special cargo will require specific documentation and handling during transport. This category includes live animals, wet cargo, perishable cargo, time and temperature sensitive products, like pharmaceuticals, and dangerous goods. Dangerous goods refers to explosives, gasses, flammable liquids, and more. Some substances cannot be transported via air, while others cannot be flown in planes with any other goods.<\/span>[\/vc_wp_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;5603&#8243; img_size=&#8221;3992&#215;2242&#8243; el_class=&#8221;blog_detail_img&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;5604&#8243; img_size=&#8221;full&#8221; el_class=&#8221;blog_detail_img&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243; el_class=&#8221;left_cont&#8221;][vc_custom_heading text=&#8221;What Are the Busiest Airports in the World?&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; google_fonts=&#8221;font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal&#8221;][vc_wp_text]<span style=\"font-weight: 400;\">As previously mentioned, Hong Kong is the busiest airport in the world. Four of the top ten are located in China and one, Tokyo, is in Japan. Hong Kong welcomed 71.4 million passengers in 2019, making it the 13th busiest passenger airport in the world. It has not cracked the top 50 since then, due in no small part to China\u2019s zero-Covid policy. Despite this, Hong Kong retains its number one spot for cargo and has an ultimate capacity of 7.4 million tons.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The other five are in the United States. It might be surprising to learn that the busiest airports in the United States are Louisville, Memphis, and <a href=\"https:\/\/siships.com\/blog\/the-importance-of-alaska-for-global-trade\/\" target=\"_blank\" rel=\"noopener\">Anchorage<\/a><\/span><span style=\"font-weight: 400;\">. 4.2 million passengers landed in <a href=\"https:\/\/www.flylouisville.com\/corporate\/louisville-muhammad-ali-international-airport-sdf\/\" target=\"_blank\" rel=\"noopener\">Louisville <\/a><\/span><span style=\"font-weight: 400;\">during 2019\u2014but compare that to the 3.2 billion tons of cargo, freight, and mail during the same time period. Take it one step further with <a href=\"https:\/\/www.statista.com\/statistics\/1081841\/memphis-airport-cargo-traffic\/\" target=\"_blank\" rel=\"noopener\">Memphis <\/a><\/span><span style=\"font-weight: 400;\">weighing 4.7 million tons, thanks to FedEx\u2019s spoke-and-hub system. <\/span>[\/vc_wp_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;What Does the Future Hold for Air Cargo?&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; google_fonts=&#8221;font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:400%20regular%3A400%3Anormal&#8221;][vc_wp_text]<span style=\"font-weight: 400;\">After reaching stratospheric numbers for air cargo in 2021, demand has <a href=\"https:\/\/www.dcvelocity.com\/articles\/56523-air-cargo-demand-slumped-in-2022-after-extraordinary-levels-in-2021\" target=\"_blank\" rel=\"noopener\">fallen<\/a><\/span><span style=\"font-weight: 400;\">\u00a0in 2022 and 2023. This consecutive year-over-year loss is due to practically every country using all the tools at their disposal to combat inflation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt will, however, take time for these measures to bite into cargo rates,\u201d said Willie Walsh, the director of the International Air Transport Association. \u201cThe good news for air cargo is that average yields and total revenue for 2023 should remain well above what they were pre-pandemic.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The speed and immediacy of air cargo leaves it just as, if not more, susceptible to consumer spending habits than ocean shipping. As economies recover over the next several years and demand increases, there is no doubt that volume and revenue will follow suit. It would not be a surprise at all if new records continue to be set each year by the end of the decade.<\/span>[\/vc_wp_text][\/vc_column][\/vc_row][vc_row el_class=&#8221;third_row&#8221;][vc_column][vc_custom_heading text=&#8221;SiShips Gives You the Advantage&#8221; font_container=&#8221;tag:h4|text_align:left&#8221; google_fonts=&#8221;font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:300%20light%20regular%3A300%3Anormal&#8221;][vc_wp_text]<span style=\"font-weight: 400;\">SiShips combines expertise with state of the art software to bring you high quality domestic and international shipping solutions. We put the shipper in control, offering efficient and cost effective ways to ship your product.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To learn more about managed transportation with SiShips or to view a demo of our software, <a href=\"https:\/\/siships.com\/contact\" target=\"_blank\" rel=\"noopener\">contact us<\/a><\/span><span style=\"font-weight: 400;\">\u00a0today.<\/span>[\/vc_wp_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; el_class=&#8221;blog_first_row&#8221;][vc_column el_class=&#8221;How to Avoid Snags when Shipping Overseas&#8221;][vc_custom_heading text=&#8221;The Numbers Behind Air Cargo&#8221; font_container=&#8221;tag:h1|text_align:left&#8221; google_fonts=&#8221;font_family:Raleway%3A100%2C200%2C300%2Cregular%2C500%2C600%2C700%2C800%2C900|font_style:700%20bold%20regular%3A700%3Anormal&#8221; el_class=&#8221;blog_detail_heading&#8221;][vc_single_image image=&#8221;5602&#8243; img_size=&#8221;3924&#215;2943&#8243; alignment=&#8221;center&#8221; el_class=&#8221;blog_detail_img&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Take to the Skies with these High Flying [&hellip;]<\/p>\n","protected":false},"author":186,"featured_media":5606,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.5.1 - 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