Strong 2016 closeout raises IATA’s global airfreight volumes

Confirming several other reports on the recent surge in demand for air cargo services, the International Air Transport Association (IATA) found that airfreight demand, measured in freight tonne kilometers (FTKs), grew by 3.8 percent in 2016, compared to 2015, according to the latest global data. Growth in 2016 was well ahead of the industry’s average growth rate of 2 percent over the last five years. However, freight capacity grew by 5.3 percent in 2016, suggesting continued downward pressure on...

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