Boeing: Air cargo to expand in mid-single digits through 2020

After a steep plunge into negative growth in mid-2016, world air cargo traffic rebounded sharply last year and is on course for 4.2 percent average annual tonnage gains through 2020. The pace is currently outracing cargo belly and freighter capacity, improving yields for carriers, and creating space shortages for shippers. That is essentially the snapshot of the global airfreight market Boeing recently released at its annual cargo forecast last week.
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