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HACTL records 20% throughput growth in '99

Contrary to expectations at the beginning of 1999, the past year has proven to be a record year for air cargo in Hong Kong, in terms of throughput, as Hong Kong Air Cargo Terminals Ltd (HACTL) announced a 20% increase on volume handled over 1998.
"While there were some signs that the demand for air cargo was recovering in the second quarter, the strong growth in year-on-year air cargo volume was primarily due to a surge in demand from September onwards. Unusually, volumes continued to be reasonably healthy during the second half of December, which normally is a quiet time for the industry," said Mark Ashall, HACTL director for marketing and customer service.
For 1999, HACTL achieved a new daily handling record of 6,737 tonnes and 9,837 consignments on Sept. 17, and a new monthly handling record of 162,186 tonnes in October.
The US continues to be the most important export destination for cargo leaving Hong Kong by air, representing 30% of the total. Southeast Asia remains HACTL's leading origin for imports, representing 43%.
For January 2000, air cargo showed particularly strong growth with a total of 161,000 tonnes handled during the month, a 20.5% increase over January 1999. Of this, 90,000 tonnes were exports, a 26.4% rise over the 71,177 tonnes for the previous January. Total cargo for the past 12 months was 2,001,000 tonnes (up 22.2% over the same period for 1998-99).
Most significantly, exports totalled 1,151,000 tonnes for the 12-month period苛a rise of 33.7%. The number of cargo flights grew by 19.5% in the same period.