15-Sep-2016 9:56 AM

IATA: Freight tracking at or behind industrial production, due to protectionsim and restructuring

IATA DG and CEO Alexander de Juniac commented (14-Sep-2016) that the continuing growth in traffic and cargo demand is "very positive" but noted it would be "a mistake to take the continuation of that trend for granted". Mr de Juniac stated that the performance of the airlines, and particularly air freight, gives an important insight into the health of the economy. The air cargo business is "experiencing tough times" as a result of fragile business confidence and a slow-down in world trade. The trend in air cargo "gives evidence that the protectionist rhetoric on both sides of the Atlantic is already being reflected in the economy". Prior to the global financial crisis, the "rule of thumb was that trade expanded at about twice the growth of industrial production", whereas now it "basically runs in parallel or even lags behind". [more - original PR]  

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