Title: CARGO SCENE : 2002 WON'T BE REMEMBERED AS A GREAT YEAR FOR CARGO, WILL 2003?
Abstract: After a flat 2002, 2003 doesn't look good for air cargo companies, especially if war breaks out in the Gulf. Some developments point to where future growth will likely occur when the sector does start growing again. Hong Kong was one of the few cargo centers to experience a successful 2002, thanks to strong growth in the Asian market. Its two home-based carriers had double-digit increases in 2002. But the U.S. market, the world's largest, has yet to recover from a decline that began even before September 2001. Cargo news includes an update of Lufthansa's ELWIS system, Houston's new state of the art cargo complex, strengthening trade between China and Australia, with a 50% increase in exports from Australia using belly freight space on four weekly Boeing 777 flights between Sydney/Melbourne and Guangzhou.
Publication Year: 2003
Publication Date: 2003-03-01
Language: en
Type: article
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