Airfreight market rebounds rapidly from a steep decline early in the recession
A year ago, the airfreight market was in the doldrums. The decline was so severe that on a global basis the industry was talking about “a decade of lost growth.” Fast-forward 12 months, and cargo traffic is at record levels. It hardly seems possible, but that is how rapidly the airfreight industry recovered after the “great recession” ended. Many observers predicted it would take until 2013 or 2014 to return to pre-recession traffic levels, but airfreight traffic began its upward ...
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