Malaysia is experiencing a slight reduction in demand like other parts of the region, but stakeholders are continuing to invest in cargo operations to service the area’s overall growth in airfreight activity. Malaysian exports specifically are still booming, Ong Chin Kian, director and co-founder of Malaysia-based forwarder Transcargo Worldwide, told Air Cargo World. The forwarder
Canada saw a cargo boom in 2021 and has spent much of 2022 trying to keep that momentum going. Canada’s airfreight market moved 2.7 billion freight tonne-kilometers and reached $1.52 billion in revenue in 2021, a compound annual growth rate of 2.7% since 2016, according to MarketLine reports. This year, government agencies and airfreight stakeholders
While the Asia-Pacific and European air cargo markets continue to see disruption due to labor shortages and COVID-19-related shutdowns, the Caribbean region and Central America are steadily recovering to pre-pandemic levels with escalating cargo demand. Increased connectivity throughout Latin America has helped the region’s capacity rebound faster than other markets facing supply chain disruptions, Bob
While congestion at Latin American terminals has improved, Brazil’s major airports, including Guarulhos (GRU) and Viracopos (VCP), remain congested due to infrastructure challenges, hampering regional recovery. “Infrastructure challenges are creating additional bottlenecks at some airports [in Brazil],” Mads Ravn, executive vice president and global head of airfreight at Danish transport and logistics company DSV, told
Ongoing disruption in the Asia-Pacific region due to COVID-19 is encouraging shippers to shift to near-sourcing, while loosening restrictions are boosting connectivity to and from Latin America, establishing the region as a critical link in more supply chains. Indeed, with a relatively stable market, rates and available capacity, more stakeholders continue to bolster operations in