AIR CARGO EXECUTIVES SAY YIELD DECLINE IS MOST VEXING PROBLEM
The International Air Cargo Association said Wednesday that results from a survey of 500 air cargo senior executives taken at TIACA’s forum and exposition in Hong Kong last month found that declining yields, followed by over-regulation, were the biggest problem facing their industry.
Security and overcapacity were the next-ranked headaches.
When asked how long they thought the present downturn would last, 28 percent of respondents said one year longer, 41 percent said two years, and 30 percent said three years or longer.
About 83 percent of the air cargo executives said that all new security measures should be harmonized internationally, and 43 percent said shippers should pay for them. Only 14 percent said airlines and forwarders should bear the extra costs of security.
Interestingly enough, 51 percent said that electronic transfers would replace most or all current air cargo documents in the next three to five years.