Shipping News

International consulting firm Oliver Wyman, with help from the International Air Transport Association (IATA), today revealed the results of its 2010 GlobalAir Cargo CEO Assessment at the IATA World Cargo Symposium in Vancouver. This year's survey of more than 30 CEOs of top globalair cargo players found that, while the global economy may be showing signs of stabilization, the recovery in the air cargo market is still fragile. Survey highlights to include:

#  Air cargo firms are careful about scheduled ameliorations in 2010, but most predict a return to 2007 peak levels within 1-3 years.

# The greater part of growths is predictable to come from China and North Asia, accompanied by the rest of Asia-Pacific. Therefore, air cargo providers chart to focus sales concentration in these terrains.

# In spite of the planned recuperation, client purchasing likings and patterns have experienced a stable shift. Customers will keep on to be most price-sensitive and will sharply appraise substitute transportation modes to meet their shipping needs for segments with slower supply chain needs.

# Temperature-controlled and pharmaceutical shipping are widely expected to lead the recuperation in terms of growth rates; nevertheless, yields for this section will unavoidably come down, too, unless carriers can clearly differentiate their offering and forge closely integrated associations with customers around these products.

# The most immediate CEO investment priority is the e-freight; others include security improvements, cold chain capabilities, and lightweight containers.