Boeing Randy Baseler, VP of Marketing, annouced UPS ordered eight 747-400 freighters in August.
The air cargo business is booming. In the second quarter of 2005, UPS reports that its export volume grew more than 18%, and that Asia export volume gained nearly 40%, with China alone rising 99%….our forecast for air cargo calls for a 6.2% annual growth rate over the next 20 years. What this means in terms of airplanes is that the world freighter fleet will more than double from 1,760 to 3530 airplanes by the year 2024!
The demand for air cargo transportation is definitely increasing as the Internet marketplace grows and people order more and more of their products online. These need to be shipped somehow, and fast, and demand for air freighters is growing fast.
