News / Manufacturing outlook points to declining US air cargo in 2023

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Airfreight is primarily an industrial tool, with roughly three-quarters of airfreight traffic linked to the various stages of production. Global manufacturing and airfreight tend to move in sync. Based on the outlook for manufacturing this year, we expect US airfreight exports to decline by about 7%, and imports to drop by about 3%.

Depending on how December 2022 numbers come out, full-year US airfreight exports in 2022 will have grown about 3%, and imports around 1%. Last year was a tale ...