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Air Cargo is a circa US$60 billion business that transports 35% of the value of goods traded internationally worth some US$5 trillion. Air Cargo is a critical part of the airline business which, as a whole, is the heart of a value chain that supports 32 million jobs and US$3.5 trillion of economic activity. It is an important industry that is critical to global business. More information on Value of Air Cargo. 

E-freight is a reality and CASS now covers 81 country, handling almost half the business - US$33 billion with a collection rate of over 99.994%. 

IATA Cargo Economic Watch - Q1 2012  (13 March)

Cargo profitability came under increased downward pressure early this year, as fuel prices rose sharply, while yields declined.  

• Falling asset utilization has also been a key factor undermining cargo profits over the past year. 
• Consumer confidence remains weak in Europe and has softened in China, and key electronic sector shipments are in decline. 
• However, there are some positive market aspects: world trade is still growing, there should be some recovery from the effects of the floods in Thailand, US consumer confidence has increased, business confidence has turned up a little and there is no sign of any threatening overhang of business inventories.
  

More information and detailed report available in the latest Cargo e-Chartbook