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The Air Freight Industry

September 26, 2018

The air freight industry is a vital part of the broader logistics sector and an important element of supply chain management for companies in a wide variety of industries. The International Air Transport Association (IATA) recently forecast a rise in total air cargo carried in 2018 to 62.5 million tonnes – an increase from 59.9 million tonnes moved last year. That represents less than 1% of global trade by volume, but over 35% by value. The expected value of goods transported by air is expected to exceed $6.2 trillion this year – equivalent to 7.4% of the world’s GDP.

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The Air Freight Industry