Cargo Business Newswire

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Friday, March 16, 2012

Top Story

New tech products could pull Asia-Pacific airfreight out of doldrums

Asia-Pacific airfreight carriers could reportedly ride an 8 percent rebound this year, thanks in part to Apple’s newly released, latest iPad that exports out of China.

“The near-term outlook remains challenging but hopefully we’ll have some potential upside surprises from the tech sector’s restocking and new iPad shipments in the second half of this year,” said Corrine Png, a Singapore-based analyst at JPMorgan Chase & Co. in a Bloomberg Businessweek report.

Other new technology product releases could boost factories in Asia, such as by the iPad’s manufacturer Foxconn that also produces Hewlett-Packard computers, Sony televisions and Microsoft game consoles.

The world’s busiest airfreight carriers are based in the Asia-Pacific and after 12 straight months of faltering volumes, this year’s second half could reportedly benefit from a new tech product consumer surge.

“Whenever you’ve got a hot new item, the consumer says, ‘I’ve got to have it now,’” said Seattle-based Boeing spokesman Bob Saling to Bloomberg.

“That can be a real driver of air cargo demand,” he said.

For the full Bloomberg Businessweek story: www.businessweek.com