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Article: Asian demand drives air freight volumes, capacity expansions.
- Article from:
- Purchasing
- Article date:
- April 6, 2006
- Author:
CopyrightCOPYRIGHT 2006 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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David Hannon
Air freight buyers can expect to pay more for express services, especially in the Asian market, as demand spiked in late 2005, tightening available capacity for air freight. A recent report from the Seattle-based Air Cargo Management Group shows the express segment of the air freight market grew sharply in 2005, up 6-7% while heavyweight freight grew only 2.2%. That is opposite most years when heavyweight air cargo grows more than express, says Ned Laird of ACMG.
The primary driver of air freight express is the intra-Asian market. Companies with manufacturing sites at one point in Asia and suppliers in another part are leveraging more air ...