GCTL8.com (FocusAsia Media Ltd)

VANCOUVER, Dec 9 (FAM) – Global air freight tonne kilometres (FTKs) grew by 8.2%, year on year, in October – the fastest pace since February 2015 when air freight had received a boost from disruption at seaports on the west coast of the US – according to figures just published by the International Air Transport Association (IATA).

In its annual market outlook today, IATA expressed “some optimism” over the prospects for the air cargo business in 2017. “The break in falling yields and a moderate uptick in demand (3.5%) will see cargo industry volumes reach a record high of 55.7 million tonnes – up from 53.9 million tonnes in 2016,” the airline association said.