Airfreight ‘facing another tough year’

AIRFREIGHT in 2013 will show aggregate gains for the year of no more than two per cent, according to a USA forwarding business.
Julian Keeling, chief executive officer (CEO) of Consolidators International Inc, based in Los Angeles, believes growth in the industry will be hampered by several crucial fundamentals.
These include aircraft overcapacity, frugal shippers opting for slow steaming or super slow steaming in order to take advantage of cheaper ocean rates, together with a sluggish global economy.
“Because of these negative factors, air cargo volumes will not show a consistent pattern of growth next year,” declares the CEO.
Keeling’s bleak analysis comes after he consulted with shippers, airline cargo executives and forwarders.
He forewarns: “If the US and the global economies sink into the morass of the 2007-2009 recession, even that modest growth will vanish like a summer breeze.”
The veteran forwarder’s outlook also contrasts with Boeing’s forecast for the next 20 years, which estimates airfreight will increase by five per cent annually. 

Share this story
Facebook
Twitter
LinkedIn

Related topics

Latest news

Jettainer teams up with trilatec on weight-saving tech

By Damian Brett

ULD firm Jettainer has teamed up with trilatec to offer a lightweight pallet load distribution system that weighs around 80%…

Read More

SAA plans international flights despite industrial action

South African Airways has announced that it is aiming to operate all international flights departing from OR Tambo International Airport…

Read More

Cargolux doubles weekly service to Jakarta

Cargolux has added a second weekly link between Luxembourg and Jakarta just five months after it launched the first service….

Read More