Air cargo to grow 3% annually, IATA says

Industries

Friday, December 07, 2012

The worldwide cargo market will grow 3 percent annually between 2013 and 2016, topping off at a global volume of 34.5 million tons, according to a report by the International Air Transport Association. Last year, global cargo volumes finished at 29.6 million tons. Sri Lanka, Vietnam, Brazil, India and Egypt are predicted to be the fastest-growing cargo markets. Asia-Pacific air cargo will account for 30 percent of the total cargo increase. By 2016, the...

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