Subscribe to our free, weekly email newsletter!


Asia Pacific players to drive air cargo growth

The shift of global economic power eastwards is continuing, driven by the rapid development of China and India, with added momentum from other dynamic Asian economies including Indonesia, Korea, Malaysia, Philippines and Thailand
By Staff
December 24, 2012

The reshaping of the global air cargo industry over the past 12 months has been dramatic, with enterprising Asia Pacific carriers at the forefront of developments, said Andrew Herdman, executive director, Association of Asia Pacific Airlines (AAPA). 

He noted, however, that the global economic slowdown has had an impact on air freight, which has remained depressed as a result of weak consumer confidence in Europe and the United States, with a corresponding slowdown of exports from Asia.

As Asian carriers operate large freighter fleets and account for approximately 40% of global air cargo traffic, they have been particularly hard hit by the current cargo market weakness.

But change is in the air: “The shift of global economic power eastwards is continuing, driven by the rapid development of China and India, with added momentum from other dynamic Asian economies including Indonesia, Korea, Malaysia, Philippines and Thailand,” said Herdman. “Steadily rising incomes are driving sustained growth in cargo demand, which is being met by innovative Asian airlines using a variety of business models.”

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

2014 was a very good year for the Port of New Orleans, and officials there are forecasting an even more robust cargo scenario in 2015.

Many material handling systems used today are beginning to show their age. What were once considered brand new systems are now deteriorating and fighting to stay current.

The Association of Asia Pacific Airlines (AAPA) reports that air cargo services ramped up again in February.

U.S. carloads were down 2.4 percent annually at 284,618, and intermodal volume was up 6.7 percent compared to the same week as last year at 277,854 trailers and containers.

Article Topics

News · Air Cargo · Air Freight · Trade · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA