As for COVID-19, it’s important that we
don’t forget but that we learn from this
Camilo Garcia Cervera, Freightos
10:54 Page 1
year-on-year performance gap
further closed, with global
volumes at -25% compared
with June 2019, contrasting
with the -31% annual disparity
for May.
Signifi cantly, perhaps, the
last two weeks of June saw
capacity creeping up slowly
week-over-week by around
1.5% per week.
Worth mentioning is the
fact that CLIVE’s “dynamic
loadfactor” of 71% in June
(based on both the volume and
weight perspectives of cargo
fl own and capacity available)
recorded its highest level since
CLIVE began measuring the
industry’s weekly performance
in 2018.
“The industry has
always been full of silos
– we’re now seeing more
sharing of data, which is
a good thing. This has
been the silver lining to
COVID-19.”
As for infl uential factors
that could well impact rates
as 2020 unfolds, he cites the
discovery of a vaccine – and
the imminent US elections.
The Hong Kong situation
has not gone unnoticed,
either.
“But most importantly,
we need to have in place a
contingency plan so that we
are ready for a recurrence
of this type of situation,
should that ever happen.”
Freight and Freightos
Camilo Garcia Cervera at Webcargo by Freightos notes that
during the past few months the industry has seen how rates went
up by up to 400% in certain trade lanes.
“After a reasonable start to the year, capacity dried up as the
virus established itself and it was all about transporting PPE,” he
recalls. “Freighters were full – and so passenger jets were pressed
into service. But once people were satisfi ed that enough was
being done to prepare for a second or third wave, capacity has
started to ease.”
Differences between requisitioned passenger aircraft and pure
freighters are marked, he argues, but the former have played a
useful part nonetheless. “Rates are now not climbing like they
were (a comment made in July at the time of the interview) but
the viability of the market is now more diffi cult. Passengers aren’t
coming back in numbers yet, so revenues are down. As for
COVID-19, it’s important that we don’t forget, but that we learn
from this.”
Whilst Garcia Cervera freely admits that forecasting next
week, let alone the next couple of months, is hard enough, he
expresses enthusiasm over the progress made by digitalisation.
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