Allcargo Logistics' May 2025 Update: FCL & Air Soar, LCL Navigates Headwinds
Hey finance folks! 👋 Allcargo Logistics Ltd. (ALLCARGO) has just dropped its operational update for May 2025, giving us a peek into how their vast international supply chain is navigating the waters of global trade.
Despite ongoing geopolitical disruptions, Allcargo showed resilience and growth in key areas. Let’s dive into the numbers:
The Big Picture 📊
Overall, May 2025 saw some notable shifts:
- FCL (Full Container Load) volumes surged with a 6.3% year-on-year (YoY) growth.
- Air freight volumes also climbed, showing a healthy 4.4% YoY increase.
- LCL (Less than Container Load) business, a cornerstone for Allcargo, experienced a marginal 3.7% YoY de-growth. This is where the volatility really shows.
LCL Operations: Navigating Choppy Waters 🚢
Allcargo’s LCL segment, crucial for consolidating smaller shipments, reported volumes of 728,000 cubic meters in May 2025. While this marks a 3% increase from April 2025, it’s a 4% decline compared to May 2024. The company noted that trade tensions and geopolitical uncertainties are expected to keep demand volatile.
Regionally, LCL volumes saw month-on-month increases in Latin America, Europe, Asia Pacific, and the Indian Sub-continent. However, the USA, Canada, and the Middle East experienced a decline. Year-on-year, Latin America and Europe showed growth, but regions like USA, Canada, Asia Pacific, Greater China, and the Middle East faced a decline.
Here’s a quick look at the LCL monthly volume trend:
| Month | Volume (‘000 cbm) |
|---|---|
| May-24 | 755 |
| Apr-25 | 707 |
| May-25 | 728 |
Container utilization for LCL also declined compared to last year, which aligns with the overall volume trends. The Container Utilization Index (rebased to June 2024 = 100) stood at 97 in May 2025, indicating a slight dip from its base.
FCL Operations: Full Steam Ahead! 🚂
FCL volumes continued their upward trajectory, reaching 56,684 TEUs (Twenty-foot Equivalent Units) in May 2025. This figure is similar to April’s volume but represents a solid 6% growth compared to May of last year. What’s even better? FCL volumes witnessed a year-on-year increase across all major regions, indicating broad-based strength.
Check out the FCL monthly volume:
| Month | Volume (‘000 TEUs) |
|---|---|
| May-24 | 53 |
| Apr-25 | 57 |
| May-25 | 57 |
Interestingly, the 40-foot container usage ratio remained flat year-on-year, with the index staying at 100 in May 2025, just like in June 2024.
Air Operations: Soaring Higher ✈️
Allcargo’s air freight business saw significant momentum, with volumes hitting 3,060,000 kilos in May 2025. This is a fantastic 12% jump from the previous month and a healthy 4% increase year-on-year.
Year-on-year growth in air volumes was particularly strong in North America, Latin America, and Europe. However, parts of Asia Pacific, Greater China, the Middle East, and India experienced a decline.
What Does This Mean? 🤔
Allcargo Logistics, a significant player in the global logistics space known for its comprehensive service offerings, is clearly adapting to the dynamic global trade environment. While LCL faces headwinds from geopolitical factors, the robust performance in FCL and air freight suggests a diversified and resilient operational strategy. It’s always interesting to see how these global logistics giants navigate the complexities of international trade!
That’s your wrap-up for Allcargo’s May 2025 performance. Stay tuned for more updates! ✨
source: Corporate Announcement
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