191896 Resource 165493 94146 94146 1197047840028 1201208214451 Controlled Air Cargo demand decreasing while Passenger traffic increasing

Air Cargo is currently not growing at the expected rate due to the US economy.

With fuel prices increasing and the <country-region w:st="on">US</country-region> economy in flux, air cargo demand, especially in the <country-region w:st="on"><place w:st="on">US</place></country-region>, is not meeting the expected growth.The International Air Transport Association (IATA) is concerned about the growth of international freight. In September demand for international freight was up 5 percent form last year and in October it was only up 3.6 percent. The chief executive of Logistics at FedEx, Fred Smith, stated that the <country-region w:st="on"><place w:st="on">US</place></country-region> slowdown has a large impact on the global growth. The freight in the <country-region w:st="on"><place w:st="on">US</place></country-region> is below growth expectations and fuel is more costly. Air cargo has been growing in <place w:st="on">Asia</place> but not at the same pace. In September the air cargo growth in Asia Pacific was 7 percent and in October it was only 5.8 percent. Passenger traffic is continuing to grow worldwide, especially in the <place w:st="on">Middle East</place> which has 20.9 percent growth rate since last year.  10 application/xml false Air Cargo IATA International Air Transport Association Supply Chain Mozilla/5.0 (Windows; U; Windows NT 6.0; en-US; rv:1.8.1.11) Gecko/20071127 Firefox/2.0.0.11 127.0.0.1 127.0.0.1 Establish 208.105.4.154 false true false false true 187565 false false true false false false true 165493 blog blogsite/ChinaSupplyChain/web