|Air Cargo world--To IATA Director General Tony Tyler, the issue is multifaceted. “Compared to May, both passenger and cargo markets contracted by about 1 percent,” he said in a statement. “For passenger traffic, this is a speed bump in a gradual post-recession improvement. But air cargo continues in the doldrums at 6 percent below the post-recession peak.” |
The problem, IATA officials said, is that shippers are looking beyond airfreight to transport goods. Although world trade is growing steadily — increasing 7 percent a year — so are the number of modes to ship cargo. Read more!