TIACA (the International Air Cargo Association) held its Air Cargo Forum in Miami, Florida this November, attracting some 3,500 delegates from more than 80 countries over its four days. Here’s what you need to know about the event and what it means for the industry.
1) It was a growing event – with a growing global footprint
The event was part exhibition, part conference and part networking opportunity, spanning the latest advances, tech and discussion of issues affecting the global air cargo industry. This year’s panels featured 85 industry leaders on the main stage, while the Spotlight Stage enabled delegates to feature their latest products and solutions. Previously biennial, the event will become annual from 2025, alternating between Miami and Abu Dhabi.
2) Air cargo will continue with strong demand in 2025
It looks likely that the strong demand for air cargo could continue into the new year. Speaking at the Forum Ryan Keyrouse, Chief Executive of air cargo data and analytics specialist Rotate, said that the continuing growth in cargo demand, led by e-commerce, was set against global passenger services being back to near normal and a shortage of production freighters, which would put pressure on capacity. “We are almost at maximum utilisation so the aircraft can’t fly more, and next year we see a maximum of 4.4 per cent capacity growth,” he said.
Keyrouse said that while there are risks to the continued growth of e-commerce from tariffs and stricter legislation against imports to the US and Europe, that there were still markets where penetration of the some of the newer e-commerce giants was lower, and that the model still supported air cargo.