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Air cargo traffic to double by 2041: Boeing

oeing forecasts that demand for evolving market dynamics. The like the 777-8 Freighter to meet
Bair cargo services would more 2022 WACF projects that the demand, according to the forecast.
than double by 2041, with traffic world's cargo fleet will require A third of deliveries will consist of
tripling and the world's freighter nearly 2,800 production and new production freighters, while
fleet rising by more than 60 percent. converted freighters for growth the remaining two-thirds will be
At The International Air Cargo and replacement through 2041. freighter conversions, such as
Association forum in Miami, Boeing With cargo traffic doubling over the 737-800 Boeing Converted
revealed insights from its 2022 the forecast period, operators will Freighter (BCF), providing carriers
World Air Cargo Forecast (WACF), need to switch to more capable, with increased flexibility in existing
a biennial detailed analysis of fuel-efficient and sustainable jets and emerging markets.

Global air cargo market
demand dips by 8% in October IBS’ iCargo to future-proof
SIA's core cargo platform
ccording to new weekly at a slower rate and remained
Amarket data from -7 percent below pre-covid ingapore Airlines (SIA) has
industry analysts CLIVE Data 2019 levels. This resulted in Ssuccessfully gone live
Services, part of Xeneta, the a more muted 'dynamic load with its new Integrated
global air cargo industry's factor,' CLIVE's measurement Cargo Management
volumes decreased -8 percent of airline performance based System (ICMS),
year on year in October and on both the volume and powered by
presented no current signs to weight of cargo transported IBS Software's
predict an upturn in 2023, as as well as available capacity. iCargo cargo
year-on-year demand fell for Load factors have been management
the eighth consecutive month. declining over the last 18 platform.
In 2019, demand fell months as falling demand The ICMS is a
-3 percent below pre- meets rising capacity. In strategic initiative
pandemic levels, measured in October, the 61 percent to future-proof SIA's
chargeable weight. Global air dynamic load factor was -7 core cargo platform by
cargo capacity continued to percent and -1 percent points eliminating disparate cargo
rebound in October, although lower than in 2021 and 2019. systems and bringing in the latest cloud technology
to transform cargo operations and customer
delivery. iCargo supports SIA in its cargo business
processes. The ICMS provides a single integrated
cargo application for business users in Singapore
and overseas, as well as a seamless interface with
partners including general sales agents, ground
handling agents, and freight forwarders, simplifying
the end-to-end operations. Enhanced data quality
and insights also allow SIA to make real-time, data-
driven decisions across its sales, operations, and
finance processes, while ensuring compliance with
international regulations.

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