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Allcargo Cuts Loss-Making Routes, Sees Volume Drop But Improved Yields
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CNBC TV18•21-09-2026, 19:36
Allcargo Cuts Loss-Making Routes, Sees Volume Drop But Improved Yields
- •Allcargo Global Limited's cargo volumes decreased in August as the company strategically cut loss-making shipping routes to improve yields.
- •Less-than-container-load (LCL) cargo volumes fell 7% year-on-year and 2% from July, totaling 711,000 cubic meters, a deliberate trade-off for better yields.
- •Full-container-load (FCL) volumes were down 5% year-on-year but rose 4% from July to 51,023 TEUs, with the Middle East crisis partly impacting the annual decline.
- •Air cargo volumes declined 6% year-on-year but increased 2% from July, reaching 2,796 tonnes.
- •Allcargo anticipates resilient demand during peak shipping season and elevated freight rates due to constrained capacity.
Key Questions Answered
Allcargo Global's LCL cargo volumes decreased by 7% year-on-year to 711,000 cubic metres in August because the company deliberately cut loss-making shipping routes to improve yields.
Allcargo's full-container-load (FCL) volumes reached 51,023 TEUs in August, which represents a 5% decline compared to the previous year but a 4% increase from July.
Allcargo handled 2,796 tonnes of air cargo in August, marking a 6% decrease from a year earlier but a 2% growth compared to July.
