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Air freight worldwide has grown by over 20 percent every month this year as global exports fuel the economic recovery.
The Airports Council International (ACI) said June results show that the major international freight hubs of Shanghai, Hong Kong, Frankfurt, Miami, Incheon and Dubai have grown even faster than the world average at 25 percent compared to 2009.
Compared to early 2008, total freight tonnage worldwide in the first six months surpassed tonnage shipped in the first half of 2008, the period before the economic crisis took hold.
International freight is the driver of this growth with Asia-Pacific and the Middle East up by four percent and 21.5 percent respectively. Asia-Pacific has further extended its lead in market share to 38 percent of global air freight tonnage, supported by a strong 13 percent increase in domestic freight traffic.
Declines in the other regions, however, are still considerable. Europe (-1.6 percent) has almost reached pre-crisis levels while North America (-4.4 percent), Latin America/Caribbean (-4.4 percent), and Africa (-6 percent) still have some way to go to overcome the effects of the downturn on air freight.
Cargonews Asia
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