With the economic slowdown deepening and spreading to all parts of the world, air cargo traffic growth has cratered.
AIR CARGO IS THE MEANS BY WHICH THE globalized world moves its most valuable goods and manufacturing components. When economies are growing and international trade is humming, airfreight thrives: Its high cost is seen as the price of doing business. But when the global economy takes a collective dive and international trade slows, air cargo suddenly becomes too expensive and no longer is viewed as critical. American and European consumers worried about job stability and focused on basic ...
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