Allcargo Logistics sees steady shipping volumes in May amid trade volatility

Allcargo Logistics Ltd has reported mixed performance across key business segments for May 2025, with a slight uptick in Less-than-Container Load (LCL) volumes and stable Full Container Load (FCL) numbers.

LCL volumes stood at 728,000 cubic metres, registering a 3% rise compared to April 2025, though showing a 4% decline versus May 2024. The company attributed the dip in annual numbers to ongoing geopolitical disruptions and trade tensions, though volumes increased month-on-month in key regions such as Latin America, Europe, Asia Pacific, and the Indian subcontinent.

On the other hand, LCL shipments to the USA, Canada, and the Middle East declined both sequentially and annually.

FCL volumes remained flat sequentially at 56,684 TEUs, but marked a 6% growth compared to the same month last year. Allcargo noted year-on-year growth in FCL across all major regions, reflecting improved global trade activity despite broader uncertainties.

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In the air freight segment, volumes rose to 3.06 million kilos in May, up 12% month-on-month and 4% year-on-year. While the company saw gains in North America, Latin America and Europe, air cargo declined in Asia Pacific, Greater China, the Middle East and India.

Container utilisation dropped compared to the previous year, tracking the volume decline, while the use of 40-foot containers remained flat year-on-year.

Despite demand volatility, the company expressed cautious optimism, stating that performance remains stable across critical lanes, supported by regional resilience.

Ahead of the business update, shares of Allcargo Logistics Ltd closed 1.71% lower at ₹33.36 on the NSE.