Airlines Expecting 3% Annual Freight Growth Over Next Five Years
International freight volume will grow 3% per year, to reach 34.5 million tons in 2016, the International Air Transport Association said in its annual forecast. That's 4.8 million more tons of air cargo than the 29.6 million tons carried in…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
2011, it said. It said the freight growth will accelerate over the next five years, from 1.4% growth in 2012, and reaching 3.7% in 2016. Freight carriage within the Asia-Pacific region will account for around 30% of the expected total increase in freight tonnage over the period, it said. By 2016, the largest international freight markets will be the U.S. (7.7 million tons), Germany (4.2 million tons), China (3.5 million tons), Hong Kong (3.2 million tons), Japan (2.9 million tons), the United Arab Emirates (2.5 million tons), the Republic of Korea (1.9 million tons), the U.K. (1.8 million tons), India (1.6 million tons) and the Netherlands (1.6 million tons).