IATA’s new Pacific Rim focus

By Patrick Burnson, Executive Editor
December 06, 2010 - LM Editorial

The International Air Transport Association (IATA) announced that its Board of Governors has selected Tony Tyler, CEO of Hong Kong-based Cathay Pacific Airways, in a unanimous decision to fill the post of IATA Director General and CEO following the retirement of the current Director General and CEO, Giovanni Bisignani, next year.

For many industry watchers, it’s a long overdue move reflecting the dominance of the Asia Pacific air cargo market.

By IATA’s own reckoning, Asia-Pacific airlines reported a 14.9 percent year-on-year increase in international freight demand, translating to an impressive 22 percent annualized growth rate for the region’s carriers, reflecting the strong economic recovery particularly in China and India. With a 44 percent share of total freight traffic, the growth experienced by Asia-Pacific airlines played a large role in the uptick seen in overall industry freight volumes.

The Board will recommend Tyler’s appointment to IATA’s Annual General Meeting planned for 6-8 June 2011 in Cairo Egypt. Tyler’s duties as the Association’s head are scheduled to commence July 1, 2011.

“The IATA Board agreed to recommend Tony Tyler as the next Director General and CEO of IATA. Tony’s leadership of Cathay Pacific through challenging times prepares him well for the job. His knowledge of Asia will help IATA take advantage of opportunities in the industry’s largest market. And his global experience gives Tony the right perspective for our global association,” said David Bronczek, CEO of FedEx Express and Chairman of the IATA Board of Governors.



About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


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

The Nicaragua Canal will be three times the length of the Panama Canal, crossing the major Lago de Nicaragua, one of the largest freshwater reservoirs in the region.

FTR and Internet Truckstop said that this alliance will provide shippers and carriers with myriad benefits, including market analysis and specificity for contract and spot freight segments by region and trailer type.

Commerce reported that August retail sales at $444.4 billion were up 0.6 percent compared to July and up 5.0 percent compared to August 2013, and the NRF said that August retail sales, which exclude automobiles, gas stations, and restaurants, were up 0.5 percent compared to July and up 2.7 percent on an annual unadjusted basis.

Carload volumes were up 2.7 percent at 286,002, and intermodal volume was up 4.5 percent at 239,142 trailers and containers.

Non asset-based 3PL XPO Logistics said this week that three global blue chip institutions––PSP Investments, Singapore’s sovereign wealth fund called GIC, and the Ontario Teachers’ Pension Plan–– have invested a cumulative $700 million into XPO, which company officials said will be used to accelerate its growth strategy and allocated mainly for unspecified acquisitions.

Article Topics

Blogs · Air Cargo · Freight · China · All topics

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. Contact Patrick Burnson

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA