Global Cargo Market Was Valued At $44 Billion In 2017 According To TBRC’s Latest Report

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...

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.

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The global cargo market was valued at $44 billion in 2017, and is expected to be driven by digitization of systems which has gained its popularity in the cargo transportation market by easing the documentation process. North America was the largest geographic region in the market, accounting for around two-fifth of the global market share. Cross-border e-commerce and high levels of emergency shipments are driving up demand for cargo.

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The USA was the largest country in the market, accounting for nearly one-third of the global cargo air transportation market.

The top five competitors in the market are Cathay Pacific Cargo, FedEx, The Emirates Group, United Parcel Service, and DHL Aviation. Cathay Pacific Cargo is the largest player in the market. Cathay Pacific Cargo provides a range of air cargo solutions, including animal, pharmaceutical, secure and dangerous goods to all major cities worldwide.

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