IATA: Cargo Continues to Flat-line

The International Air Transport Association (IATA) released data for global air freight markets showing that air cargo volumes measured by freight tonne kilometers rose just 0.5% in October compared to a year ago. Year-over-year expansion fell back from September’s faster growth rate, and total cargo volumes in October stand 1.1% lower than the peak of the uptrend at the end of 2014. European carriers have driven recent improvements in air cargo growth, but they ran out of steam in October with a rise of just 0.2%. Other regions also underlined the weak October trend. The most significant decline in cargo