Journal of Commerce--Global air cargo growth will slow down sharply over the next year and a half for an industry that has seen a rapid recovery from the international trade downturn, , the International Air Transport Association said Tuesday.
International air cargo traffic, which has been growing at better than 20 percent year-over-year each month since last fall, was 4 percent ahead of the pre-downturn peak of 2008 in July, IATA said. IATA now forecasts air freight will grow 6 to 7 percent year-over-year in 2010 and 2011. Read more here.
International air cargo traffic, which has been growing at better than 20 percent year-over-year each month since last fall, was 4 percent ahead of the pre-downturn peak of 2008 in July, IATA said. IATA now forecasts air freight will grow 6 to 7 percent year-over-year in 2010 and 2011. Read more here.
