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IPFS News Link • Economy - International

"Darkening Outlook For Trade"

• https://www.zerohedge.com by Tyler Durden

As global trade volumes continue to fall, air cargo rates are hitting their lowest levels in four years, reported The Journal of Commerce (JOC).

Peter Stallion, an analyst at Freight Investor Services (FIS), told JOC that air cargo rates out of Asia in Aug. and Sept. have generally been a good indication of what to expect in 4Q. He said rates in Asia haven't been this low since 2015, and that could mean the global economy is likely to slow through the year.

WorldACD, a firm focused on advising air cargo companies, said in the first eight months of 2019, from January to August, global air cargo demand fell 5% YoY. For the same period, demand for Asian carriers sank by 6%.


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