Surge in Cargo Traffic Will Impact The Economy

The health of the  economy in many ways  is directly related to Air Freight which is the primary mover of every type of merchandise from your computer to your specialty items…monitoring the  Air Cargo Traffic Statistics …is crucial…it is a direct link to the the economy. Ladies & Gentlemen…the Economy is moving in the right direction….will it stay there…only time will tell. Please read the recap of what was reported regarding the uptick in the Cargo payload here at Los Angeles International Airport.

Signaling a robust bounce toward recovery, Los Angeles International Airport, (LAX) officials reported a significant payload increase.

Air Cargo shippers were told by LAX statisticians yesterday that freight volumes surged by 26.6 percent in February over the same month a year ago. The news was greeted with enthusiasm by industry leaders.

“Asia-Pacific will continue to dominate the global  Air Freight market as it accounts for more than 60 percent of the increase in international Air Freight markets over the past few months,” said Brandan Fried, president of the Air Forwarders Association “This will not only result in increased belly passenger demand but for freighter aircraft going forward.”

LAX is the primary cargo gateway for trans-Pacific carriers. According to airport spokesmen, freight tonnage figures bettered those of last January as well, and nearly as good as those from two years ago when the pronounced slump in demand was just beginning.

The news followed reports provided by Asia Pacific Airlines Association (AAPA) signaling a continuing pickup in both passenger travel and Air Cargo demand. Collectively, airlines based in the Asia Pacific region transported 14.2 million international passengers in February, an increase of 16.9 percent compared to the same month last year.

“The signs of economic recovery which first became evident in the fourth quarter of 2009 have continued to gather momentum,” said Andrew Herdman, AAPA director general. “International Air Cargo demand for the first two months of 2010 has recorded a dramatic rebound, up 33.5 percent compared to the same period last year when the industry was suffering from the worst effects of the slump in international trade.

When Air Freight traffic increases  and stays steady….industrial space fills up and  rents start to rise….we shall wait and see if said trend continues.

Enjoy Your Day!

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