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It may not seem like it to some, but international air freight traffic rose by 3.2% in the year to July, over the same period last year.

IATA has released its cargo chartbook for the third quarter – and although it warns of “concerns”, there are also some (light) notes of optimism. However, overall, 2015 is unlikely to be a stellar year for the industry.

Many of the challenges could be short-term. Revealing that July volumes were down 0.6% on a year ...

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