Earlier this month, this blog mentioned that air freight volumes have been increasing. According to the International Air Transport Association (IATA), worldwide air freight levels saw modest growth in October.
More recently, the IATA has looked farther in the future and concluded that the market for air freight will continue to experience positive growth. As reported by Air Cargo World, the IATA's Airline Industry Forecast for 2013-2017 shows that international freight volumes will grow by an estimated 17 percent during that time period. This is largely due to the economic recovery that is occurring around the world.
At the end of this period, the largest international freight markets are expected to be the United States., China, Germany, Hong Kong and the United Arab Emirates. China is actually expected to surpass Germany by adding more than 1 million metric tonnes of cargo.
"Air cargo is a key enabler for the movement of high-value products and perishable goods around the globe," Tony Tyler, IATA's director general and CEO, told the news source. "More than US $6 trillion worth of goods is airfreighted annually, accounting for around 35 percent of total world trade. But more recently, the relationship between international trade and GDP has broken down, owing to rising trade barriers and on-shoring of production. The successful conclusion of the World Trade Organization talks in Bali potentially could be very important in kick-starting trade growth. To be ready to take best advantage of possible opportunities, air cargo needs to work together as an industry to improve its competitiveness and enhance the quality of its service to customers."
One way carriers can improve the quality of their service is by adopting proof of condition services like CargoSnapshot. With this product, users can carefully track each package and ensure that they are handled and delivered properly.