Cargo transportation involves in the transportation of cargo by air. Scheduled international freight air transportation establishments offer air transportation of cargo and mail on a contract basis over fixed international routes. They often operate during nonpeak time slots at busy airports. Most goods transported by air are high in value related to their weight. The customers include freight forwarders and cargo handling companies. Cargo Air transport businesses revenues are mainly derived from the payments made by cargo customers, which are usually related to the volume/weight and distance transported.
The global cargo air transportation market was valued at $43.7 billion in 2017. North America was the largest geographic region accounting for $15.9 billion or 36.4% of the global market. And the USA was the largest country accounting for $13.4 billion or 30.8% of the global cargo air transportation market.
Digitization of systems has gained its popularity in the cargo transportation markets by easing the documentation process and provide integration and transparency. According to The International Air Cargo Association, the Air Waybill (AWB), a 20-step, 21-documents, is converted to an e-AWB to reduce the information re-entry to reduce wastage of time and provide efficiency. The e-AWB desktop tool was introduced to help small and medium air freight forwarders to create, send, and manage e-AWBs easily and efficiently.
Companies Covered: Cathay Pacific Cargo, FedEx, The Emirates Group, United Parcel Service, DHL Aviation
Market Segments Included: Cargo
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