July 16, 2023
3 min

Air Cargo & Freight Logistics Market to Reach US$ 319,645 Million, with a CAGR of 6.62% during the Foreca - Benzinga

The global air cargo and freight logistics market is expected to reach $319.6bn by 2029, with a compound annual growth rate of 6.62% during the forecast period of 2023 to 2029, according to a report. The growth is driven by increasing globalisation and customer demand for faster deliveries. Key players, including FedEx and Deutsche Post DHL Group, are investing in technology, infrastructure and supply chains while integrating automated, artificial intelligence and real-time tracking systems. Sustainability issues are also taking priority, with firms focusing on cutting carbon emissions and sustainable transportation solutions.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry