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December 13, 2018

E-commerce driving growth for global air cargo market: IATA

Geneva, Switzerland — Demand growth is expected to slow in 2019 due to a weaker world trade environment, which has been impacted by increasing protectionism, with tonnage predicted to nearly four per cent, according to the International Air Transport Association (IATA). The prediction was made at the association’s annual cargo media, held at its headquarters in Geneva, Switzerland, attended by Canadian Shipper. IATA is predicting that, following an increase of 4.1 per cent in 2018, growth will slow to 3.7 per cent to 65.9 million tonnes, the slowest pace since 2016. Cargo yields are expected to grow two per cent, well below the “exceptional” 10 per cent growth in 2018. IATA says this continues to recent strengthening of the cargo business since cost increases




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