Tonnage up but rates to shrink in 2015 says IATA

Senior cargo executives at IATA member airlines are predicting that global air freight tonnage will increase next year at its fastest rate since 2010. Yet rates are likely to shrink by a further 5.8 per cent in real terms, intensifying pressure on margins. Brian Pearce, IATA chief economist, told a media briefing in Geneva that volume measured by freight tonne-kilometres...

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