Cargo & Freight Services

Introduction

Cargo and Freight are two terms related to transporting of goods. The money charged by the carrier or the locomotive for transporting goods is often called freight. Also called freightage.

Sometimes the word ‘freight’ may be used to describe the goods themselves. On the other hand the term ‘cargo’ definitely is used to describe the goods. Any product being transported is sometimes called freight. Any product being transported is always called cargo. The term ‘freight’ is used especially when you transport goods by a train or by a truck. The goods become cargo when they are transported by a ship or by a plane.

A freight forwarder is an agent who acts on behalf of importers, exporters or other companies or persons to organise the safe, efficient and cost-effective transportation of goods. Freight forwarders arrange the best means of transport, taking into account the type of goods and the customers' delivery requirements.

On the global front, aircrafts transported around 3.1 billion passengers and over 51.6 million tonnes of freight in 2013.

Total freight traffic market shares by region of carriers in terms of FTK are: Asia-Pacific 38.8%, Europe 22.9%, North America 21.0%, Middle East 12.6%, Latin America 3.2%, and Africa 1.6%.

Regional performance varied. Middle Eastern and Latin American carriers reported the strongest growth in demand (12.8% and 2.4% respectively). Asia-Pacific carriers, which have nearly 40% of the global air freight market, saw cargo activities shrink by 1.0% over the year.

India to emerge as a major destination for container operations, efforts for modernization of sea ports are proving to be a boon. Air freight in India is growing at a rate of 8.5%. The major factor over the next few years driving change will be the rising competitive pressures from cargo operators among India’s immediate neighbours and main trading partners.

The air cargo system is a complex, multi-faceted network responsible for moving a vast amount of freight, express packages, and mail on aboard of passenger and all-cargo aircraft. Potential risks associated with air cargo security include introduction of explosive devices in cargo placed aboard aircraft; shipment of undeclared or undetected hazardous materials aboard aircraft; cargo crime including theft and smuggling; and aircraft hijackings and sabotage by individuals with access to aircraft.

The Government is planning for development of the air cargo infrastructure including cargo airports thereby providing opportunities to the various entities involved in the value chain.

Air Cargo Growth Forecast