Sadly for the air cargo market — but fortunately for ocean freight that moves most of the shipments — there will be no port congestion in the main U.S. gateways. More critical is that there also will be little demand from anywhere else. The air cargo weakness has largely tracked anemic trade growth.
Annual Review and Outlook - Air Cargo
Elements impacting the air cargo industry this year include whether capacity increases will continue to outpace volume gains, if the worldwide economy can overcome the factors suppressing growth in emerging and developed markets, how fluctuations in national currencies will affect global trade, and if a security-related crisis forcing profound change in our business is looming in the next news bulletin.
The year ahead promises to be a challenging one for air cargo. Recent events across the globe will most certainly have repercussions for our industry, both from a regulatory and operational perspective.