newstodate.aero
Apr 15, 2009 (newstodate): The downward trend in Denmark's air cargo market may be levelling out as indicated also by the latest CASS statistics.
-According to CASS Q1 statistics, Denmark's air cargo export on IATA carriers were down 29 percent on lat year's Q1, totalling 13,557 tonnes, says Torben Pagh, DHL Global Forwarding Director Sales and Marketing Denmark.
-What may be indicative, however, is that volumes in March 2009 were also at index 71, meaning that the downward trend had not extended further. In other words this might indicate that we have reached, or are close to reaching, the bottom of the curve.
-There is no doubt, however, that it will take years before we may see a market situation reminding of the years 2007 and 2008, marked by frantic expansion. The first half of 2009 will remain a demanding challenge to us all, but for DHL Global Forwarding the quest is for profitability rather than mere volumes.
-Many customers, especially small and medium-size companies, are increasingly benchmarking their providers to seek the benefits of falling air cargo rates, but on the other hand we are happy to note also an increased focus on supply-chain risk management during this period marked by financial and trade recession.
-Thus larger customers are sticking to their contracts after last autumn's tenders rather than seeking re-negotiations, reflecting their need for stable relations with reliable logistics providers also when markets are reviving again, says Mr Pagh.
-According to CASS Q1 statistics, Denmark's air cargo export on IATA carriers were down 29 percent on lat year's Q1, totalling 13,557 tonnes, says Torben Pagh, DHL Global Forwarding Director Sales and Marketing Denmark.
-What may be indicative, however, is that volumes in March 2009 were also at index 71, meaning that the downward trend had not extended further. In other words this might indicate that we have reached, or are close to reaching, the bottom of the curve.
-There is no doubt, however, that it will take years before we may see a market situation reminding of the years 2007 and 2008, marked by frantic expansion. The first half of 2009 will remain a demanding challenge to us all, but for DHL Global Forwarding the quest is for profitability rather than mere volumes.
-Many customers, especially small and medium-size companies, are increasingly benchmarking their providers to seek the benefits of falling air cargo rates, but on the other hand we are happy to note also an increased focus on supply-chain risk management during this period marked by financial and trade recession.
-Thus larger customers are sticking to their contracts after last autumn's tenders rather than seeking re-negotiations, reflecting their need for stable relations with reliable logistics providers also when markets are reviving again, says Mr Pagh.