newstodate.aero
Feb 26, 2008 (newstodate): Air cargo transportation has lost pace with the world's global trade expansion, says IATA in its latest traffic data analysis.
Air cargo has been growing at half the rate of global trade expansion, indicating a loss of market share to maritime cargo transportation which has benefited from faster ships and cheaper fuel costs.
While aviation fuel rose 300 precent between 2002 and the first half of 2007, residual fuel for ships increased by 200 percent, and during the last half of 2007 the gap narrowed with the sharp increase in prices.
Air cargo has been growing at half the rate of global trade expansion, indicating a loss of market share to maritime cargo transportation which has benefited from faster ships and cheaper fuel costs.
While aviation fuel rose 300 precent between 2002 and the first half of 2007, residual fuel for ships increased by 200 percent, and during the last half of 2007 the gap narrowed with the sharp increase in prices.