| Code: 120081 |

TIN news:  New data for global air freight markets published by the International Air Transport Association (IATA) has shown that air freight demand increased by 3.8% last year compared to 2015.
Measured in freight tonne kilometres (FTKs), the freight volume was almost double the industry’s average growth rate of 2% over the past five years.
Freight capacity, which is also measured in available FTKs, grew by 5.3% in 2016.
IATA director general and chief executive officer Alexandre de Juniac said: “In terms of demand, 2016 was a good year for air cargo. That was boosted by solid year-end performance. Looking ahead, strong export orders are good news. But there are headwinds.
"We know that the way forward is defined by digital processes which will drive efficiency and improve customer satisfaction."
“The most significant is stagnant world trade which also faces the risk of protectionist measures. Governments must not forget that trade is a powerful tool for growth and prosperity.”
“The air cargo industry must also improve its competitiveness. We know that the way forward is defined by digital processes which will drive efficiency and improve customer satisfaction.
“We must use the momentum of renewed demand growth to drive the important innovations of the e-cargo vision.”
With the exception of Latin America, regions across the world registered positive freight growth last year, while cargo carriers in Europe recorded nearly half of the total annual rise in demand.
Freight volumes across the globe saw a significant rise in late 2016, which was allegedly due to an increase in the shipment of silicon materials and turnaround in new export orders.
Representing nearly 269 airlines covering 83% of global air traffic, the IATA statistics are based on domestic and international scheduled air freight for both IATA member and non-member airlines.

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