Some takeaways from LM’s 2015 Rate Outlook Webinar today:
Air Cargo outlook according to Chuck Clowdis of IHS Global
- Expect 4-5% growth in air cargo market over next 20 years
- APAC volume will continue to grow especially electronics
- EU air carriers will continue to experience sluggish growth in 2015
- Do not expect lower oil prices to result n lower rates
- Oil price windfall will allow providers to invest in capacity (777’s) which will increase gradually
- Currently approx. 100 777’s in service
- Providers will still seek rate increases so prepare to negotiate