Executive Briefings

U.S. Airfreight Industry Stagnating, Study Suggests

The U.S. airfreight market generated revenues of $28bn in 2011, a 7.4 percent, year-over-year, increase. Although a seemingly positive development, this figure is on par with the revenues the industry recorded in the 2000-2001 financial year. Such statistics show that the U.S. - despite the domination of integrators FedEx and UPS - isn't immune to the sluggishness affecting the global airfreight market, a new study conducted by Air Cargo Management Group asserted.

Overall, cargo traffic in the U.S. dipped 1.3 percent, year-over-year, to 12.117 billion tonne miles in 2011. Unfortunately, the same problems that plagued the domestic airfreight sector last year are likely to continue in 2012, according to the ACMG study.

"The U.S. airfreight industry, once characterized by rapid double-digit growth, has gone through 10 to 15 years with no net expansion," ACMG managing director Robert Dahl said in a statement. "Part-year data for 2012 shows flat traffic versus 2011, so the chance of any significant rebound this year in traffic volume appears remote."

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Overall, cargo traffic in the U.S. dipped 1.3 percent, year-over-year, to 12.117 billion tonne miles in 2011. Unfortunately, the same problems that plagued the domestic airfreight sector last year are likely to continue in 2012, according to the ACMG study.

"The U.S. airfreight industry, once characterized by rapid double-digit growth, has gone through 10 to 15 years with no net expansion," ACMG managing director Robert Dahl said in a statement. "Part-year data for 2012 shows flat traffic versus 2011, so the chance of any significant rebound this year in traffic volume appears remote."

Read Full Article