Air cargo had a chequered year full of ups and downs in the US as it charted a recovery post-pandemic but is now faced with headwinds from a weakened demand globally and flattish growth.
As per the latest figures shared by International Air Transport Association (IATA), North American carriers posted a 3.4% decrease in cargo volumes in August 2022 compared to the same month in 2021. This was an improvement over the 5.7% decline in July. The lifting of restrictions in China improved demand and a further boost is expected in the coming months. Capacity was up 5.7% compared to August 2021.
A chequered year for air cargo
Several important developments marked this year for air cargo what with the growth of e-commerce, embracing sustainability, talent retention, and digitalisation became the megatrends for the sector.
In October, the Airforwarders Association (AfA) and the National Customs Brokers and Forwarders Association of America (NCBFAA) had called for a State or Federal backed ‘Air Cargo Support Fund’ that can inject up to $5 billion to tackle the infrastructure crisis faced by the US air cargo industry. The recommendations to Washington form part of a whitepaper, following a major national survey of 400 air cargo stakeholders in private and public sectors to identify challenges for the sector.
0 comments:
Post a Comment