Tuesday, July 13, 2010

Cargo absolutely booming - Lufthansa

"The cargo business is currently absolutely booming. For the first time in over 10 years we are seeing not just strong imports out of China, but also strong exports to China," Stephan Gemkow said.
Demand in China for goods made in the United States and in Europe is rising as wages improve and markets open. Trade data published on Saturday showed that imports rose 34.1 percent in June.
At the same time, exports rose 43.9 percent, giving China a USD$20 billion trade surplus.
Global industry body the International Air Transport Association (IATA) said last month that demand for both air travel and air freight rose strongly in May and now exceeds levels seen before the global economic downturn.
Air cargo is seen as a leading indicator of the health of global trade. Lufthansa, Germany's biggest airline, on Friday reported a 20 percent rise in June cargo.

No comments:

Post a Comment