Air Cargo – How Long Will The Slump Continue?

March 1, 2008 by Splatty  
Filed under Air Cargo

 Print This Post

Leave a comment

At least until the fourth quarter of this year according to an article from Logistics Management.

According to economists at IATA, air cargo has been growing at half the rate of global trade expansion, indicating a loss of market share to ocean shipping which has benefited from faster vessels and cheaper fuel costs. While aviation fuel rose 300 percent between 2002 and the first half of 2007, residual fuel for ships increased by 200 percent. During the last half of 2007 the gap narrowed with the sharp increase in prices. Both modes are experiencing a 500 percent increase in fuel costs compared to 2002. The result is that air cargo has clawed back some lost market share, masking any early impacts from the downturn in the U.S. economy.

Cargo Slump

Global air cargo begins to stabilize

Long Beach / Los Angeles to implement yet another container fee

IATA : “significant drop in cargo growth” for the month of May