International express growth will moderate, but continue to outperform air cargo

Global air express growth has consistently outpaced general freight and airmail, and currently accounts for 17% of international air cargo traffic. Fueled by cross border e-commerce, shipment growth has accelerated in the past 5 years to 7.6%, but in our recent Air Express Market Outlook, we predict more moderate growth and increased pressure on yields going forward.

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International express growth will moderate, but continue to outperform air cargo.